Cash is not risk free! – Money Tips 365 Day 38

People think that holding the cash in the bank is risk free when you compare it to investing in assets, such as stocks and shares or property.   Whilst it’s true that a bank deposit carries less risk and volatility, it is far from risk free.    Bank deposits are only insured up to £85,000 in the UK ($250,000 in the US).   Inflation is eating into your cash every month.   The value of your money is going down every year.    Course, it’s sensible to keep 3 to 6 months of cash reserves in the bank, but other than that it makes no sense to keep your money in the bank over the longer term.     In order to receive a good long-term return on your money, it needs to be invested into assets, such as stocks and shares, property and bonds, as well as to a lesser extent, precious-metal commodities, such as gold and silver.   While the investment landscape continues to evolve with the emergence of new opportunities such as cryptocurrencies, the enduring appeal of gold and silver remains undeniable. These precious metals offer stability, tangibility, diversification, inherent value, and a time-tested hedge against inflation. Investors looking for a reliable and proven store of value should consider the enduring allure of gold and silver as foundational elements of a well-rounded investment portfolio. For a free gold, investment report, and Discovery Call, click here.   https://pure-gold.co/charles-kelly   Need help with your money? We are living in challenging economic times. I want to show you how can you: ·        Not only survive, but thrive in a recession or depression? ·        Get control of your finances and spending? ·        Save and invest for your future? ·        Learn about money and finance? To help you, I am running a free training webinar.  3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free. Join me online on my free live money management training Wednesday at 8.00PM. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #interestrates #property #mortgages #remortgage #firsttimebuyer #mortgagerates #homebuyers  #housepricefall #finance #moneytraining #moneymanagement #wealth #money #buytolet #rentalproperty #pensions