Cash Is Safe… But Is It Costing You?

Having a solid buffer of cash readily available is essential, and earning four to five percent in a high interest savings account provides great peace of mind to help you sleep at night. That money does not need to be in the share market. However, holding large sums of long term money in cash is a different story. When excess cash sits idle over long periods, inflation quietly erodes your purchasing power. You might not notice the impact day to day, but looking back over ten or twenty years, playing it too safe due to fear of short term share market volatility can cost you significantly. Understanding and managing that short term volatility is essential to protecting the real value of your wealth over time. General Advice Only. Robert Goudie is an Authorised Representative (No. 235974) of Consortium Private Wealth Pty (AFS Licence 495401).

Disclaimer || The information provided in this post is general in nature only and does not constitute personal financial advice. Robert Goudie is an Authorised Representative (No. 235974) of AFSL 495401.