Why cash outperforms inflation (for me)
Notice I said "for me"
Because I know I'll get reamed for this.
Then again, assume the following:
→ You know what you're doing
→ You have a great amount of patience
→ You have the ability to block out noise
Notice I said "for me"
Because I know I'll get reamed for this.
Then again, assume the following:
→ You know what you're doing
→ You have a great amount of patience
→ You have the ability to block out noise
Comments
But I don't buy this at all.
Sitting on cash (if you can wait it out) gives you WAY more of a chance to land those home runs when opportunities strike.
Case in point? Warren Buffett
The man has $325 billion sitting in cash right now.
The most he's ever had.
Do you think he's worried about inflation?
Hell no.
There's NOTHING wrong with saving up your hard earned cash to be patient and wait for an opportunity that's right for you.
OK finance guys, come at me.