Why Saving Money Can Be Risky
March 22, 2012 by staff
Why Saving Money Can Be Risky, The recession is technically over, but Americans are still running scared. You can tell by the way they’re saving and pushing more hard-earned dollars into so-called safe investments.
But here’s a scarier thought: What if putting cash into today’s popular “safe” investments was actually a risky move?
Regrettably, that just might be the case. Let’s run through the checklist of the most popular places to put cash right now and see why.
Instead of stocks, investors are piling their savings into:
Bonds, which by many accounts are in a bubble.
Savings accounts that pay interest rates below the 0.9% core inflation rate — a rate that will rise if the economy picks up (and it will).
Hard assets such as gold — which has been setting price records lately, just as it did during the economic crunch of the late 1970s, before prices fell and stayed down for more than 20 years.
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