Ask HN: How to prosper under negative interest rates?

Re:Ask HN: How to prosper under negative interest rates? by s1t5 on Tuesday March 31, 2020 @12:35PM (#22739327)

In the meantime Buffett currently holds more cash than just about anyone else on the planet - over $120 billion in cash equivalents at the end of last year.

Yes, his point that cash loses its value over time is true. No, he didn't get to where he is just by holding cash. Yes, your situation and mine are vastly different from Buffett's.

But it just shows that things aren't as simple as "cash=bad".

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Re:Ask HN: How to prosper under negative interest rates? by tathougies on Tuesday March 31, 2020 @12:43PM (#22739425)

Cash equivalents include commercial paper and bonds. Cash equivalents are not the same as cash.

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Re:Ask HN: How to prosper under negative interest rates? by bwanab on Tuesday March 31, 2020 @01:54PM (#22740325)

There’s a reason they’re called cash “equivalents”.

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Re:Ask HN: How to prosper under negative interest rates? by tathougies on Tuesday March 31, 2020 @03:38PM (#22741593)

Um right, but commercial paper and bonds have interest rates, unlike normal cash. So while they're easily converted to cash, they do not suffer as badly from inflation.

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Re:Ask HN: How to prosper under negative interest rates? by quickthrower2 on Tuesday March 31, 2020 @11:15PM (#22745265)

They also carry risk of default.

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