Hiding Your Money Under A Virtual Mattress



Occasionally, you’ll read a news item about an eccentric individual who accumulated a substantial quantity of money and stashed it all away under a mattress. We shake our heads and wonder why someone would do such a thing. Doesn’t he understand the risks involved? A fire could burn it all or a thief could steal the entire stash! He could lose his life savings in a single tragic event.

Not only that, think of all the missed opportunities to invest the money and build wealth. The money could have earned interest in the bank or been invested in a mutual fund. Stashed under a mattress, money loses its value as inflation erodes the purchasing power over time.



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