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Cash is not King – what to do with excess Cash??

April 6, 2022 by The Trust Company of Tennessee

We’re certainly discussing inflation and the volatility of the markets in many meetings lately.  A specific point of those conversations is about what to do with any extra cash clients have been holding.

Questions you might have at the moment:

  1. What would be considered “excess”?
  2. Why should I invest excess cash instead of holding it in savings?
  3. Is the market too risky right now?
  4. Should I put off purchases?

We would suggest you ask yourself:

  1. What is the intended use for the cash I’m holding?
  2. Should I increase emergency fund to account for inflation?
  3. What affect does inflation have on my long-term goals?
  4. Do I have a financial plan that is updated regularly?  If I’m following the course, am I feeling confident that my finances will weather the storm appropriately?

We are happy to discuss your answers.

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