‘Cash is king’ is an old metaphor often used. Cash can make your life a whole lot easier.
Liquid money is easy to access and is not subject to market gains or losses. We’re talking about savings, checking, and hard cash. Let’s dive into the key reasons why cash is king!
Having money for said emergencies is important. You have to go to the hospital unexpectedly, you have a leaking roof, or you run your car against someone else’s car.
Cash is needed for big purchases, like a car or your home.
If you would have a pile of cash to invest in 2009, when the market hit the low, you would have more than doubled that money by now.
Investing is part of a long-term strategy for sure, but the stability that cash offers are incredible.
Imagine that you see your portfolio drop 20-30%, and you didn’t have any cash in your portfolio. How would you feel?
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