How to Read How To Stash That Cash: The Ultimate Liquidity Portfolio MOBI
There is a problem with financial advice. For years, you’ve been told that savings and money market accounts are the perfect place to hold “emergency funds,” the cash you or your family may need in case of an unexpected emergency. However, what you’re not told is that these funds can actually decrease in value over time because the low interest rates provided by banks fail to keep pace with inflation. The result? Most emergency funds will not cover you when that inevitable emergency hits.Too many people blow themselves up in a crisis situation and they don’t know why. If you never think about what you might need your emergency funds for and how long, then you most likely won’t be prepared if and when a crisis happens. The authors of How to Stash That Cash refuse to follow this misguided financial advice. As financial industry veterans, they know there is a better way to invest and preserve your money. Their research has uncovered a simple investment approach that has preserved purchasing power better than stocks, bonds, savings accounts, and money market accounts over a variety of historical holding periods. Even better is that this approach is accessible to nearly everyone: all you need is online access and as little as $500.Investing can be scary but ignoring the negative returns in your savings accounts presents a much bigger threat. Insightful, original, and timely, this book redefines saving in the 21st century
