Cryptocurrency Q&A
Why is cash not a good investment?
Why is cash not a good investment?
SamsungShiningStar
Fri Nov 08 2024
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7
answers
1539
I'm wondering why cash is not considered a good investment option. I understand that it's liquid and safe, but there seem to be downsides to keeping large amounts of cash that I'm not fully aware of.
7 answers
charlotte_anderson_explorer
Sat Nov 09 2024
Inflation gradually erodes the purchasing power of cash.
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Andrea
Sat Nov 09 2024
To combat the effects of inflation, individuals often seek investments that can appreciate in value.
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EnchantedSoul
Sat Nov 09 2024
As prices rise across the board, the value of money decreases.
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Elena
Sat Nov 09 2024
Stocks and bonds are popular investment options that can potentially keep pace with inflation.
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Daniele
Sat Nov 09 2024
For instance, $1,000 today does not have the same buying power as it did ten years ago.
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