Having Cash in Hand/at Bank is always deemed the safest. In spite of the real dangers of inflation, people are still very contented to keep cash in hand, or invest in a non-moveable asset: Real Estate. Thankfully in Singapore, we have the next best option: Topping-up one’s own CPF Account.
This article clearly highlights the risk of having too much idling cash, not getting your hard earned monies to being put to work to generate higher returns.
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