Don't Leave Your Cash in The Bank: 5 Alternatives Safer Than Cash

Here's why you shouldn't hold too much excess cash. 5 assets that perform well during inflationary times. At the very least: have excess cash in a high yield savings account. The one exception is if you're an entrepreneur - then you may want to keep more excess cash on the sidelines for opportunities.

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Timestamps:
0:00 - Start Here
0:36 - Asset #1
3:10 - Asset #2
6:07 - Asset #3
7:43 - Asset #4
10:18 - Asset #5
11:33 - Some Notes

PS: I am not a Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel

[humphrey]

Hit the LIKE button for the love of half iced tea and lemonade

[scottarmstrong]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[simon]

#1 Real estate
#2 Commodities
#3 Stocks
#4 Collectibles
#5 Businesses

[PotBellyPete]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have about $700k amount of capital to start up but I have no idea what strategies and direction I need to approach to help me make decent returns

[dianarabbanii]

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[MIchaelGuzman]

Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.

[ericwalker]

Always having cash on hand is never a bad thing. It's flexible, it's anonymous, and you can buy anything with it. I have never run into somebody who said, "I have too much cash on hand."

[kkybaggy]

Taking early notes from Warren as to the importance of sound asset diversification and risk management It can’t be overstated. I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any other suggestions.

[svengrot]

I’m currently retired, and considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?

[kevincooper]

Food for thought: Place a sizable portion of your capital/savings in fixed-income securities like treasury bills, corporate bonds, government securities, debentures and let it grow. It will take you far I promise.

[karepanman]

If you're going to consider leveraged profit, you also need to consider the cost of leverage. If the interest rate is 5%, then that offsets the 5% capital appreciation

[EricsonHerbas]

I found your channel six months ago and I've been trying to catch up on some of your videos. You've helped me understand my finances towards a better future. Thanks for all the advice.

[tomisking]

A hands on practical skill. Not a hard asset, however, roofing, plumbing, electrical, etc are skills that can save thousands and add thousands to real assets. They are also inflationary hedges due to the fact that people will always spend to protect their real assets, hence higher prices for services rendered.

[CaedenV]

My parents (and really, their whole generation) was typically cash heavy. In learning about personal finance the last 10 years in our journey of undoing previous problems and working towards a future, cash is more important than what most of my generation believes.
1) Have enough cash on hand for 3 months of expenses. If you are hurt, or lose a job, or generally have to deal with a normal life problem, then typically you will be 3 months away from getting back to a normal situation. I work in a field of volitile employment, and my wife has a small business, so we are aiming closer to 6 months because we have more risk than normal... But for most people 3 months should be plenty.
2) have enough cash for planned expenses. We have a 25 year old HVAC system... It won't last forever, so we are saving up for this planned expense. This is outside of our emergency fund. We also have older cars, and while they are fine (I'm in denial they are not fine lol), we need to save up for their replacements soon.
Point is, knowing the age of your stuff, and having a realistic idea of costs, should be saved up for so that normal problems are easily afforded and don't derail the emergency fund that is for emergencies.
3) there is nothing else.dont hold cash!
Cash is inherently deflationary, so it always looses value. Investing diversely in the economy will ensure that you are always pegged with the economy. As things inflate, your assets will inflate.

[oOBlahBlahOo]

Your videos are awesome. I appreciate these in depth explanations.

[dimitrikatsaros]

Regarding RE: Yes, appreciation happens greater than CPI, but how does it compare *after* taking annual property taxes into account?

[astretcher]

Always a great day, when Hump Gang produces another banger! So much WOW!

[falconchild]

I would've spilled that drink talking with my hands like that lol, keep it up Humphrey

[pjee]

The reason for the spike of M1 supply in 2020 was because of the change in definition of M1, which started to include some liquid savings accounts

[littlerebel]

Never buy collectibles to get rich. Buy them because you enjoy them. That way you will never lose.