Could keeping your money in cash actually be risky?
In this episode of Wealth Is In The Details, Peter Raskin delves into the commonly overlooked risks associated with holding cash or cash equivalents like CDs and US Treasuries. He tackles the misconception that cash is the safest investment, breaking down the concepts of liquidity, inflation risk, and how different types of investments align with your financial goals. Listen in and uncover the importance of aligning your investment choices with both your long-term and short-term objectives, and why simply stashing your cash might not always be the best strategy.
Peter discusses:
- Exploring the true meaning of cash and cash equivalents
- Unpacking the multifaceted nature of risk, especially when it comes to cash investments
- The impact of inflation over time on the purchasing power of your cash holdings
- Investment attributes and how to match them with your financial goals
- And more!
Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.
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Osaic FA, Inc. and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances.CRN-6607765-050724