Rising inflation? No problem for fans of emergency cash
Financial advisers continue to recommend hefty cash reserves yielding almost nothing and losing ground to inflation, under the premise that safety trumps yield.
Even with yields unable to keep pace with inflation, most financial advisers are holding firm in support of liquid, emergency cash allocations.
“The most important characteristic of holding cash is not return but safety and stability,” said Christopher Lyman, financial planner at Allied Finan
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