WanderingPickles t1_je0iw01 wrote on March 28, 2023 at 3:19 PM

Reply to comment by gaukonigshofen in Banks in France Face More Than $1.1 Billion Fines After Raids by 21Rep

There is always risk. However, sitting on physical cash is a bad idea. I googled the inflationary changes and those numbers are correct.

The least bad option is to park cash in a savings accounts. At least you get a fraction of inflation.

GMN123 t1_je1zziz wrote on March 28, 2023 at 8:50 PM

I think the lowest-risk long-term store of wealth, including inflation as a 'risk', is probably a global index fund or something similar. Cash is safe in nominal terms only.