In this week's episode, I welcome Aaron to the podcast before diving into a timely topic for Irish savers and investors: how inflation quietly erodes cash savings over time.
I look at why holding too much cash can damage long term purchasing power, why fear often keeps people on the sidelines, and why a diversified, low cost investment approach has historically offered a stronger path for long term wealth.
Key points: • Inflation reduces the real value of cash, even when your account balance stays the same • Too much money on deposit can weaken long term wealth and legacy outcomes • A diversified global portfolio has historically rewarded patient investors despite short term volatility
I hope it helps.