Another point to ponder! Is keeping cash a good move? Cash is liquidable and a lot of things else. But is it wise to hoard them? Not so …. according to Mr Warren Buffet; this is what he said … maybe we should listen to him:-
Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts too alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.
Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: “I skate to where the puck is going to be, not to where it has been.”
By the sound of this report which was extracted from “The New York Times”, looks like it is wise to look at Equities especially now….
Yes, I know…. decision, decision and decision… That’s what life is all about!