The eternal question that plagues us all. While cash is king for short-term goals, investing could be the way to go for long-term gains.
Let me explain
- In times of market turbulence, it's tempting to keep more cash at hand. However, history shows that stock markets tend to recover quickly from geopolitical crises. So, staying invested during challenging periods could be a smart move. Don't miss out on the recovery by pulling out when markets fall.
- It's important to keep the long-term in mind. With interest rates below inflation, keeping significant amounts of cash could mean losing purchasing power in real terms. Being invested, while still holding some cash, could be a smart way to avoid losing the value of your money.
What's your take on saving versus investing? To discuss further, please speak to an Independent Financial Adviser who can help you on your journey.
