Here's Why I'm Hoarding Extra Cash Right Now
The downside of keeping money in cash is that you don't get a chance to earn the same return on it as you would by investing it. In fact, given today's savings accounts rates, the money I have in the bank is earning such minimal interest it's almost not worth counting.
But I don't just have cash sitting in my savings for emergencies. I also have cash at the ready to invest with. And here's why I think now's a good time to hoard extra.
Like many people I know, the current COVID-19 outbreak is wreaking havoc on my world. In the past three weeks alone, I've had to take my children for four separate PCR tests, and we've already had to set up a remote classroom in our basement while awaiting results.
Source Fool.com
