‘Cash is king’: The four money myths holding your savings hostage

April 28, 2026 — 1:02pm

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If you’ve got tens of thousands of dollars in savings, and you know you probably ‘should’ invest it, but you can’t quite bring yourself to do it – today’s column is for you. Today, I’m sharing the somewhat misguided beliefs that might be holding you back.

You think cash is safe, investments are risky. You’ve heard about market crashes, people ‘losing’ all their money in investments, and you think it’s safer to just keep your money in a savings account. At least you can’t lose it, right?

This is a little bit of an illusion. Cash is not exactly ‘safer’ than investments – it is subject to less volatility. The value of cash is more predictable – you’re not going to wake up tomorrow and find that the value of cash has dramatically changed overnight. That doesn’t make it ‘safer’ per se.

Cash has its own risks. Your cash will not keep pace with inflation long-term, and therefore is constantly losing value. If you have $20,000 sitting in your bank account, that might feel like a lot of money today, but it won’t feel like a lot of money in 20 years when the price of everything has gone up and suddenly that money doesn’t stretch as far.

There is no such thing as a ‘risk-free’ option. Investing........

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