Quote:
Originally Posted by MrGoat
Is it really so bad to just make money and sock it away in various ways without investing into the stock market? I’m not looking at my investments to get “rich” unless it’s something connected to a hard asset. I am looking to preserve what I have made that should be more than enough to supplement our other income sources in retirement to ensure us or our family never has to need for anything long after we are gone.
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At the end of the day its your money and you can do whatever you would like! However, the idea is that you at least keep up with inflation. You can invest in accordance with your risk tolerance and look at things like bonds and treasuries. The HYSA game looks good now, but that may not always be the case. Over time your "cash" becomes worth less and less.