Currency devaluations are even more Unicorn Don’t Tell Me What To Do Limited Tee Shirt. The average South Africa, British, Nigerian and Ghanian investor has lost a lot from this in the last 12 years. And I could have gone on with that list to include many Latin American countries. Don’t get me wrong, we should all have some cash for emergencies. It isn’t an investment though and it will never beat the markets long-term, unless we go through an special period that has never happened before. Markets are just more volatile than cash. That doesn’t make it riskier if you hold on long-term.
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