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SVTPerformance's Chain of Restaurants
Road Side Pub
Liquid Assets and Expensive Car Purchase
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<blockquote data-quote="mc01svt" data-source="post: 15728012" data-attributes="member: 32337"><p>Dollars dont have any intrinsic value. They already have interest debt on them the day they are printed. Cash loses 3% or more of its value every year because of this and other inflationary mechanisms. </p><p></p><p>The only way to hedge against this to invest the money and have a yield equal or greater than the inflationary rate. So by making a large purchase in cash you lose money through depreciation of the item and lost opportunity cost which is a double hit. </p><p></p><p>It is alot wiser to stay liquid and use low interest finance while keeping your cash multiplying in investments rather than it rotting away in a mattress or a savings account. </p><p></p><p>Cash stopped being king decades ago. It makes no sense to pay cash when you have great credit and access to low or 0% fixed rate financing.</p></blockquote><p></p>
[QUOTE="mc01svt, post: 15728012, member: 32337"] Dollars dont have any intrinsic value. They already have interest debt on them the day they are printed. Cash loses 3% or more of its value every year because of this and other inflationary mechanisms. The only way to hedge against this to invest the money and have a yield equal or greater than the inflationary rate. So by making a large purchase in cash you lose money through depreciation of the item and lost opportunity cost which is a double hit. It is alot wiser to stay liquid and use low interest finance while keeping your cash multiplying in investments rather than it rotting away in a mattress or a savings account. Cash stopped being king decades ago. It makes no sense to pay cash when you have great credit and access to low or 0% fixed rate financing. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Liquid Assets and Expensive Car Purchase
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