Investments can be made in various asset classes, with Cash being one of those. Bank accounts are one of the items that would be classified as 'cash'.
Investments can be made in various asset classes, with Cash being one of those. Bank accounts are one of the items that would be classified as 'cash'.we could be getting into semantics there
But this is my private stashMaybe double amount if joint account.
I'm talking about a one year investment, as I need the money after that.Is it reckless to have so much in an investment that won't keep up with inflation?
I have €50 in my pocket and €0 in a non-interest bearing current account. I lodge the €50 to the account.Investments can be made in various asset classes, with Cash being one of those. Bank accounts are one of the items that would be classified as 'cash'.
Is it reckless to have so much in an investment that won't keep up with inflation?
People on this site talk about investing in all sorts of things that provide no obvious return, gold, silver, prize bonds, etc. Your cash investment can rise or fall in value against other assets. Maybe it's worth more USD now than when you invested it?Have I made an investment? I don’t think I have in any meaningful sense of the term.
Because they historically don't. Inflation today may be 1.8%, but what will it be tomorrow next year? Or even consider that the "current" inflation figure is based on 12 months of data ending last month. What does it tell you about inflation this month, or about the increase in *your* costs, as opposed to the representative basket of costs used by the CSO?Why the assumption deposits won't keep up with inflation?
I disagree. With a lot of thanks to the best buy threads on here, I've for the most part beat inflation over the last 18 years. Sure there were times (2021-24) where that was not the case but outside of that if you're willing to shop around you'll likely offset and more often than not beat inflation.Because they historically don't.
Very true the future is uncertain but looking at the range of forecasts out the therebut what will it be tomorrow next year?
Before or after accounting for DIRT?I've for the most part beat inflation over the last 18 years
Both.Before or after accounting for DIRT?
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