Today, sitting on large sums of cash could be a silent killer.
Concerned
American,
This
isn’t the economy it once was.
Back in
the day, if things got grim in the markets, pulling your money out wasn’t the
end of the world.
I know
this because I’ve seen what it can do to hardworking families… I’ve been
against holding cash my entire 45-year investing career.
In
fact, I wouldn’t have become a one percenter before 31...
Nor
would I be allowed to manage billions of dollars for America’s richest
individuals… if I recommended holding cash.
On the
flip side…
I’ve seen cash holders go from comfortable middle-class
Americans to living paycheck to paycheck…
Or unretire because their savings couldn’t last.
I’ve even seen it force 6-figure earning families to
become homeless.
According
to Bloomsburg one family “realized they couldn’t afford to rent an apartment
and build their savings, despite a combined income of roughly $100,000 a year”.
The
simple fact is…
This reality is becoming the new normal for many
hardworking Americans who hold cash…
And
this startling trend needs to come to an end if we want America to continue to
stand strong.
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