Monday, March 23, 2009

"Cash is King"

I was watching an interview of the Australian champion "butterfly" swimmer who won USD1 million in a swimming championship and was asked by the interviewer what she did with the money she won. She said she heard that "Cash is King" so her money is still tucked safe in her saving account!

Is that what you are doing as well? I guess with the madness in the world now and whichever corner of the world you are in, it does seem not safe to put your cash anywhere, even in the bank. What a predicament nowadays for people with plenty of cash!! It does seems like there is no where to go; definitely not safe under your mattress!

Let truth be told, it is definitely better to still have cash than a whole portfolio of investments that is worth a quarter of what you have invested. But, nevertheless, take to heart that you are not the only one in this dismay situation, even the best investors, people like our investment guru Warren Buffet have lost money in their investments, have made a bad judgment to the "what will be in the future" prediction. So hang in there, I believe that time cannot get any much worst if not better.

Meantime, people with hard cash should make some good, safe and sure-win investments to earn some profits while waiting for the good and better times. A lot of people will just take the easy way out by putting cash in FDs, it is, no doubt, a good, safe and sure-win investment but definitely not earning your cash's worth.... so think about it and make a harder effort to source for better "sure-win" ways....

1 comment:

Thomas Watson said...

This is true. There are many scenarios it's advantageous to have cash on hand.