Cash may seem like a safe parking space for your money. But holding too much can hurt savers over the long term — especially if it comes at the expense of owning stocks, the growth engine of a portfolio.
“Cash can feel safe, but it doesn’t grow your wealth,” Gargi Chaudhuri, chief investment and portfolio strategist, Americas, at BlackRock, an asset manager, wrote this month in an investment commentary.
Why?
While cash is insulated from the whipsawing nature of stocks, it’s at risk due to a more insidious threat: inflation.
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