*US election commentary by Cashwerkz Director, Craig Swanger Irrespective of the ultimate winner, we are in for some very volatile…
Written by Cashwerkz Published: November 4 2020 General
David Koch, finance expert, joins Cashwerkz as guest presenter of our video series, “Make Your Cash Werk”. In Episode 3, Kochie looks at ‘Cash Drag’ and the affect it has on Australian investors. Cash Drag occurs when money is allowed to sit idle without earning a return, for example money left in low interest rate bank accounts or trading accounts. If your money isn’t working for you, it’s going backwards. Inflation erodes the value of money, and reduces the purchasing power of money left idle without earning a return.
Do your research and find out more at www.cashwerkz.com.au