Finance By James Dolan Where to “stash” your cash Understanding your options when it comes to investing your cash allocation They say that money makes the world go around. It’s probably more accurate to say that cashdoes; that is, the physical (and increasingly, digital) currency which we use to buy goods and services every day. When we have enough cash, life goes a little more smoothly. When we don’t have enough of it – or, when the cash that we do have isn’t easily accessible or readily available to us – then even getting through the day seems a little more of a struggle. And that’s despite the wealth which we may have in real estate, stocks, bonds and other assets. This simple realization that cash matters (a lot!) brings up an important question: where, exactly, is the best place for you to “stash” your cash? As always, the answer to that question depends on your financial goals, along with your personal risk tolerance. To determine which option is right for you, it makes sense to step back and take a big-picture look at the role that cash plays in your overall finances, and try to understand exactly what your purpose is (or should be) when investing your cash. 26 | www.snowbirds.org
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