Harry Browne’s 17 Golden Rules of Financial Safety (2013)

Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013) by andsoitis on Sunday September 03, 2023 @11:41AM (#37371278)

But a rule to hold 25% of your wealth in (physical) cash doesn’t seem well balanced. Imagine stashing $250,000 in notes somewhere. Do you put it in a safe in your house?

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Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013) by distances on Sunday September 03, 2023 @11:46AM (#37371313)

I commented already for the parent, but the article most definitely does not mean physical cash. Nobody will advice you to hold physical cash.

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Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013) by fbdab103 on Sunday September 03, 2023 @11:59AM (#37371431)

Unless you want to live like Scrooge McDuck or Smaug.

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Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013) by smitty1e on Sunday September 03, 2023 @12:18PM (#37371607)

You swap systemic risk for physical security risk if you hold substantial hard currency.

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