Sunday, August 9, 2015
$401,000…the new 401K
Cash is king, again. Although it might not seem possible, cash has been one of the best performing assets in 2015. Forget the paltry, negligible interest rate return. I'm talking buying power!
Walter White might have had it right amassing a massive stash of cash, indeed, cash actually might be the new 401K
Portable, valuable, and with taxes already paid a pile of cash offer opportunities for purchasing distressed assets for a song.
Consider the killings made in 2008 and 2009 when weathered farmers came down from the hills with their crumpled bags of cash and picked up stocks, bonds, and even more farmland for….cash.
With the Fed poised to begin raising rates, most likely one of many in the coming months, the value of the dollar should subsequently increase.