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TyrconnellFL t1_iy8fi0z wrote

Reply to comment by MikeWPhilly in Too scared to invest...what to do? by NoMoneyAnywhere

You don’t lose money. You can lose purchasing power, but the numbers in the account will always and only go up.

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MikeWPhilly t1_iy8fwap wrote

Tomayto , Tomahto - it’s the same effect. I was pointing it out as acting like you aren’t hurting yourself by putting it in savings is a bad idea. Also while you want an emergency fund, just sticking money in savings and not investing is a very bad idea for long term wealth.

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barrycarter t1_iy8xc19 wrote

You're correct, but that's like talking about opportunity cost. For anything I choose to do today, there's a chance there's something I could've done something I'd enjoy more. That doesn't mean I've "lost enjoyment": it simply means I don't 100% optimize my life, which I don't think anyone does.

I agree with https://www.reddit.com/user/TyrconnellFL/ that you lose money only in a metaphorical sense. I doubt agencies like the FDIC would reimburse you for "losing money" due to inflation

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