I typically don’t carry around a lot of cash. Cash is one of the worst possible investments one can make because it’s guaranteed to lose value over time due to the ravishing effects of inflation. However, I still like to keep at least few grand in my checking account in case an emergency were to befall me or I lose my job. Life is dynamic and ever-changing, and we aren’t all just investors; we’re people with real lives and sometimes liquidity is a welcome friend.
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Thanks for the detailed analysis. -
1 hour ago