Ray Dalio says your cash savings are not safe and will be ‘taxed by inflation’ — build a hedge with 3 alternative places to stash your money

Ray Dalio says your cash savings are not safe and will be ‘taxed by inflation’ — build a hedge with 3 alternative places to stash your money

Some say cash is king. But according to Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, it may not be wise to keep too much of your investment money in cash these days.

“Cash is not a safe investment, is not a safe place because it will be taxed by inflation,” Dalio told CNBC last month.

Dalio’s concern came after U.S. inflation hit a 31-year high in October.

And prices continued to climb. In November, the consumer price index rose 6.8% on a year-over-year basis, marking its fastest increase since June 1982.