Bossman
Footballguy
Not pay the mortgage money ... and not play money ...The Dollar has already decayed pretty rapidly against the Euro YTD.my algorithm brought me to a reel of a guy spewing fear that the US Dollar is going to decay very rapidly due to the fact that gobmnt will have the $$$ printing presses working overtime for the next 4 or 5 years.
He was suggesting crypto currency to park your money and avoid the decay.
Wondering my FBG's thoughts on this ... is it so bad to be sitting on cash?
and would investing in stocks be a way to avoid the decay of cash? ... or just certain stocks?
As for where to park your money, it all depends upon when/where you expect to use it and how reliant you are on those funds for future needs. If you have a short time frame and/or that money will pay your bills, I would recommend a conservative approach like a high yield savings account or CD. If it's essentially "play money" (i.e. you could lose it all and not experience hardship), you can be more aggressive and look into crypto and/or growth stocks.
would be life savings and retirement funds.
a 3.5% savings account doesn't seem like it would keep up with decay the way this gent was talking.
Maybe exchange US dollars for Euros? ... park it in a swiss bank account??
... or leave it in the stock market for a modest 8% a year return ... would at least pace decay, no?
