/biz/ - Business & Finance

>>11555735
zero. money stored = money that isn't working = can't beat inflation by sitting there = losing value year after year = not worth it to sit on it.

>>11555735
close to none really. it's not insurable and accrues no interest.

if you didn't earn that money legitimately and fear the tax man, than hard cash is okay.

>>11555735
The sooner you realize it's just a piece of paper the sooner you will consider having commodities such as precious metals.

>>11555735

gov can't steal it easily if you hide it.

>>11555814
They will steal it through inflation. 3% a year, every year.

>>11555735

It's worthless when Trump doesnt get relected

https://www.youtube.com/watch?v=GrwmcRFP_k4&feature=youtu.be&t=535

>>11555735
It's useless by design.
(((They))) want you to (((invest))) your money.

>>11555776
so where else would you put it?

>Invested into properties > value dropped by 40%

>Invested into crypto, 80% down

investing is a meme if you're not an investor

also I know a lot of people who made it that prefer having mostly cash because they can "feel the cash" and spend it with more caution or just pour it into non liquid assets, but then again they made the money by investing it in the first place

Honestly i'm just curious, but it feels like only niggers have hard cash because they love flaunting their money then get shot for it kek

>>11555883
>investing is a meme if you're not an investor
you don't need to be an investor to invest. just buy the index and you're already doing better than 50% of fund managers

Its safer in your home than in bank in times of crisis, assuming you have most of your wealth as properties and crypto.

>>11555883
kek. you have no idea how to risk manage, that is why its a meme to you.

>>11555776
you forgot about liquidity, retard.

>>11555883
investing is for suckers. I trade.

>>11555963
Arguably cash isnt safe in any major crisis, but then neither are you.

>>11555833
Worse than 3%

>>11555883
>investing is a meme
>just pour it into non liquid assets

That's exactly the same thing, dumdumb

>>11555735
The only upside of storing cash is being able to take pictures of it when you’re bored. No one should ever have more than 4gs in cash at home...and even that is stretching it.

>>11555735
Nothing. Only a complete fucking idiot would actually store money at home. At the very least, put it in a savings account.

>>11556188
>not taking it out and feeling and counting it out
>not paying with it
You don't know what you missing, son

>>11555735
Had $300k cash in Jan.
Put it in managed funds.
Down 15% so far.
Not happy.

>>11556445
What’s it like to be a nig?

>>11556532
If you are so inclined to call someone out the pleb way, at least do it right. Jew, not a nigger. Nigger is someone who posts pics of himself with cash online.

>>11555776
Yes, losing over 300 dollars on crypto is "beating" inflation. Thank gos im not holding onto my cash

As someone who doesn't earn much and part of my income comes from tips, having cold hard cash is good.

I have my collection of coins for emergency cash. Slowly, but surely it builds up.

With paper money, I use that as my spending money. It's a lot harder to buy something with 20 $1 bills than using a credit/debit card for the same purchase.

When possible, I spend my cash and only touch my bank account for online only purchases.

Direct deposit lets me not worry about my bank account as it slow, but steadily, goes up.

>>11555776
>>11555807
>>11555809
These.
Anon would be better off holding silver or gold.

>>11555735
wow, about 13,000 dollars. about enough to live for.... a year! wowee!

>>11556808
anon, I....

>holding money in trumps america inflation

WEW that money is losing value almost everyday

>>11555735
You look super rich despite the fact that any carryable quantity of money won't be that great.

To stick it to the IRS. But really the only time I got cash is for my monthly "play money" This is money I can use to buy whatever I want and not worry about using my plastic for every little thing. Which only makes the plastic wear out faster. Also don't gotta worry about over spending by accident.

if a crisis comes along have fun watching your money disappear when banks go under

>>11555735
>No ad blocker

>>11557704
Boomers dont typically use adblocker. Either they don't know about it or believe its moral to allow ads to support the website

>>11555735

>>11555735
Your autism level is on full display for everyone

>>11557980
but do they actually play minecraft tho

>>11555735
Three benefits
#1. Financial independence. It's your actual money. If you put it in the bank, it's the bank's money. They just owe it back to you. And only up to $250k.
#2. Financial liberty. You can spend it on cocaine or hookers or hush money, nobody can stop you.
#3. Financial privacy. If you do spend it on cocaine or hookers or hush money, nobody will know.