7 (not exactly) Smart Places to Stash Your Cash

On the metro this morning I saw a gentleman reading the Wall Street Journal. I politely asked to borrow the section with an article headline that caught my eye: 7 Smart Places to Stash Your Cash.

I should mention that once the gentleman gave me the section I realized that the entire page was one big advertisement for buying US Coins and armored safes. The page was disguised to look like a legitimate news article in the journal (go check it out – page A7 in today’s WSJ) but clearly, further investigation was necessary.

The article gave seven ideas on what to do with your money to keep it safe. Each idea is in the order they gave followed by my reaction.

  1. Be sure your institution is insured – This is sound advice. If your bank is FDIC insured you have nothing to worry about in terms of keeping your money safe (if you are approaching the $250,000 limit then you may want to look at splitting your money between different institutions).
  2. Start and grow a coin collection – What? This is the second smartest place to stash your cash? Anyway, this is not a bad idea for hobbyists, but the author describes the coins as never losing their cash value (which is true), however inflation will make your newly minted never circulated coins worth a few percent less next year. The author of another article on the page mentions that a specific uncirculated coin from 1974 has seen a 500% increase in collectors value. It sounds like speculation to me and I would rather have money in the market (By the way, the Dow Jones was around 600 or so back in 1974.  Even at its weak 8000 today, that is over a 1000% increase.  Do the math!)
  3. Keep cash safe at home – This is another suspect idea. If your money is at home it is (a) not earning any interest. (b) available to be lost or stolen, and (c) susceptible to being lost completely if something tragic (like a fire) takes place.
  4. US Savings Bonds – I have no qualms with bonds, but this article was talking about tangible paper bonds. I personally view individual bonds as a bit of a hassle. It’s much easier to invest electronically in bonds and saves you the hassle of keeping these documents on hand until they mature, which would be my preference. J. Money over at Budgets are Sexy talks about his bond experience here.
  5. Gold and silver – Another idea that I have no issue with. I am not personally interested in the precious metal market, but I always hear buying gold is a relatively safe investment. Then again, this requires more research. I do know that a lot of PF bloggers say to steer clear of buying gold, and they have spent more time considering this issue than I have.
  6. Hold on to real estate – I fail to see how this relates to stashing your cash, except that you are likely to need a home just to store all the coins and bonds that the article recommends.
  7. Buy a good safe – Here is the whole point of the article (err, advertisement), they want you to buy one of their safes. This sounds more like spending your cash then stashing it to me. The utility of a safe exists, especially a fire safe that can house important documents and valuables.

The moral of the story is to be careful what you read. I was suckered into this article for a minute or two until I noticed it was an advertisement. This “article” speaks to people that are scared and frightened of the economy right now and it’s looking to take advantage. Similar to all media, you need to question what you read and think critically about the material. If you are thinking of taking a new avenue down investing, please check with a financial planner or with people that you trust before reallocating your wealth.

124 Responses to 7 (not exactly) Smart Places to Stash Your Cash
  1. sarah rae vargas
    April 19, 2018 | 5:03 pm

    that would be the finish of this report. Here youll come across some sites that we feel you will enjoy, just click the links over

  2. kegel exercises for women
    April 19, 2018 | 7:16 pm

    Wonderful story, reckoned we could combine several unrelated information, nevertheless truly worth taking a search, whoa did a single discover about Mid East has got a lot more problerms too

  3. Electronics Companies
    April 19, 2018 | 9:40 pm

    Thank you for the good writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! However, how could we communicate?

  4. Handmade Craft Online Seller
    April 19, 2018 | 9:41 pm

    I have been absent for a while, but now I remember why I used to love this web site. Thanks , I¡¦ll try and check back more frequently. How frequently you update your site?

  5. News
    April 20, 2018 | 12:34 am

    I do accept as true with all of the concepts you have introduced on your post. They’re really convincing and can certainly work. Still, the posts are very brief for newbies. May you please prolong them a little from subsequent time? Thank you for the post.

  6. Health and Fitness
    April 20, 2018 | 2:46 am

    Hello, you used to write excellent, but the last few posts have been kinda boring¡K I miss your great writings. Past few posts are just a little out of track! come on!

  7. vibrator
    April 20, 2018 | 4:47 am

    one of our guests a short while ago recommended the following website

  8. Health and Fitness
    April 20, 2018 | 5:55 am

    I want to express some appreciation to the writer for rescuing me from this particular problem. Just after exploring through the online world and obtaining principles which were not beneficial, I was thinking my life was gone. Living minus the solutions to the problems you’ve sorted out by way of the website is a crucial case, and the ones which could have adversely damaged my entire career if I hadn’t noticed your blog. Your own know-how and kindness in controlling every aspect was excellent. I am not sure what I would have done if I hadn’t come upon such a stuff like this. It’s possible to now look forward to my future. Thanks so much for the skilled and sensible help. I won’t think twice to refer your blog post to any individual who will need support about this issue.

  9. Health and Fitness
    April 20, 2018 | 6:18 am

    Some really nice and utilitarian information on this website, as well I think the pattern holds great features.

  10. Health and Fitness
    April 20, 2018 | 8:48 am

    Thanks so much for giving everyone an exceptionally nice opportunity to read from this website. It really is so pleasant and also full of a lot of fun for me personally and my office acquaintances to visit your website really thrice a week to find out the latest stuff you have got. Of course, we’re actually astounded with all the cool information served by you. Certain 1 facts in this article are particularly the simplest I have ever had.

  11. Health and Fitness
    April 20, 2018 | 9:22 am

    you’re in point of fact a excellent webmaster. The website loading pace is incredible. It kind of feels that you are doing any unique trick. Furthermore, The contents are masterpiece. you have performed a fantastic task in this topic!

  12. Health and Fitness
    April 20, 2018 | 11:42 am

    Hi there, You’ve done an incredible job. I’ll definitely digg it and personally recommend to my friends. I’m sure they’ll be benefited from this web site.

  13. Amber
    April 20, 2018 | 11:43 am

    Sites of interest we’ve a link to

  14. Health and Fitness
    April 20, 2018 | 12:06 pm

    I dugg some of you post as I cogitated they were very helpful extremely helpful

  15. News
    April 20, 2018 | 12:46 pm

    I have been absent for some time, but now I remember why I used to love this website. Thank you, I will try and check back more frequently. How frequently you update your site?

  16. g spot vibrator
    April 20, 2018 | 1:30 pm

    one of our guests lately recommended the following website

  17. clit vibrator
    April 20, 2018 | 2:10 pm

    that may be the finish of this post. Here youll locate some web-sites that we assume youll appreciate, just click the hyperlinks over

  18. Health and Fitness
    April 20, 2018 | 7:26 pm

    Hi my family member! I want to say that this article is amazing, nice written and include almost all important infos. I would like to look extra posts like this .

  19. Health and Fitness
    April 20, 2018 | 8:11 pm

    Thank you a bunch for sharing this with all people you really realize what you are speaking about! Bookmarked. Kindly additionally seek advice from my website =). We can have a link change contract among us!

  20. Health and Fitness
    April 20, 2018 | 8:21 pm

    Hello, Neat post. There’s an issue with your site in web explorer, could test this¡K IE nonetheless is the marketplace leader and a big section of folks will miss your magnificent writing due to this problem.

  21. Men's Subscription Box
    April 20, 2018 | 9:19 pm

    that will be the end of this write-up. Here youll come across some web sites that we feel youll enjoy, just click the hyperlinks over

  22. Health and Fitness
    April 20, 2018 | 9:52 pm

    You actually make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complicated and extremely broad for me. I am looking forward for your next post, I will try to get the hang of it!

  23. News
    April 21, 2018 | 12:02 am

    Good – I should certainly pronounce, impressed with your site. I had no trouble navigating through all tabs and related info ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or something, web site theme . a tones way for your customer to communicate. Nice task.

  24. Leigh Diclaudio
    April 21, 2018 | 12:25 am

    HelloGreetingsHey thereHeyGood dayHowdyHi thereHello thereHi! I know this is kindakind ofsomewhat off topic but I was wondering if you knew where I could findgetlocate a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having troubledifficultyproblems finding one? Thanks a lot!

Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/7-not-exactly-smart-places-to-stash-your-cash/trackback/

7 (not exactly) Smart Places to Stash Your Cash

On the metro this morning I saw a gentleman reading the Wall Street Journal. I politely asked to borrow the section with an article headline that caught my eye: 7 Smart Places to Stash Your Cash.

I should mention that once the gentleman gave me the section I realized that the entire page was one big advertisement for buying US Coins and armored safes. The page was disguised to look like a legitimate news article in the journal (go check it out – page A7 in today’s WSJ) but clearly, further investigation was necessary.

The article gave seven ideas on what to do with your money to keep it safe. Each idea is in the order they gave followed by my reaction.

  1. Be sure your institution is insured – This is sound advice. If your bank is FDIC insured you have nothing to worry about in terms of keeping your money safe (if you are approaching the $250,000 limit then you may want to look at splitting your money between different institutions).
  2. Start and grow a coin collection – What? This is the second smartest place to stash your cash? Anyway, this is not a bad idea for hobbyists, but the author describes the coins as never losing their cash value (which is true), however inflation will make your newly minted never circulated coins worth a few percent less next year. The author of another article on the page mentions that a specific uncirculated coin from 1974 has seen a 500% increase in collectors value. It sounds like speculation to me and I would rather have money in the market (By the way, the Dow Jones was around 600 or so back in 1974.  Even at its weak 8000 today, that is over a 1000% increase.  Do the math!)
  3. Keep cash safe at home – This is another suspect idea. If your money is at home it is (a) not earning any interest. (b) available to be lost or stolen, and (c) susceptible to being lost completely if something tragic (like a fire) takes place.
  4. US Savings Bonds – I have no qualms with bonds, but this article was talking about tangible paper bonds. I personally view individual bonds as a bit of a hassle. It’s much easier to invest electronically in bonds and saves you the hassle of keeping these documents on hand until they mature, which would be my preference. J. Money over at Budgets are Sexy talks about his bond experience here.
  5. Gold and silver – Another idea that I have no issue with. I am not personally interested in the precious metal market, but I always hear buying gold is a relatively safe investment. Then again, this requires more research. I do know that a lot of PF bloggers say to steer clear of buying gold, and they have spent more time considering this issue than I have.
  6. Hold on to real estate – I fail to see how this relates to stashing your cash, except that you are likely to need a home just to store all the coins and bonds that the article recommends.
  7. Buy a good safe – Here is the whole point of the article (err, advertisement), they want you to buy one of their safes. This sounds more like spending your cash then stashing it to me. The utility of a safe exists, especially a fire safe that can house important documents and valuables.

The moral of the story is to be careful what you read. I was suckered into this article for a minute or two until I noticed it was an advertisement. This “article” speaks to people that are scared and frightened of the economy right now and it’s looking to take advantage. Similar to all media, you need to question what you read and think critically about the material. If you are thinking of taking a new avenue down investing, please check with a financial planner or with people that you trust before reallocating your wealth.

124 Responses to 7 (not exactly) Smart Places to Stash Your Cash
  1. sarah rae vargas
    April 19, 2018 | 5:03 pm

    that would be the finish of this report. Here youll come across some sites that we feel you will enjoy, just click the links over

  2. kegel exercises for women
    April 19, 2018 | 7:16 pm

    Wonderful story, reckoned we could combine several unrelated information, nevertheless truly worth taking a search, whoa did a single discover about Mid East has got a lot more problerms too

  3. Electronics Companies
    April 19, 2018 | 9:40 pm

    Thank you for the good writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! However, how could we communicate?

  4. Handmade Craft Online Seller
    April 19, 2018 | 9:41 pm

    I have been absent for a while, but now I remember why I used to love this web site. Thanks , I¡¦ll try and check back more frequently. How frequently you update your site?

  5. News
    April 20, 2018 | 12:34 am

    I do accept as true with all of the concepts you have introduced on your post. They’re really convincing and can certainly work. Still, the posts are very brief for newbies. May you please prolong them a little from subsequent time? Thank you for the post.

  6. Health and Fitness
    April 20, 2018 | 2:46 am

    Hello, you used to write excellent, but the last few posts have been kinda boring¡K I miss your great writings. Past few posts are just a little out of track! come on!

  7. vibrator
    April 20, 2018 | 4:47 am

    one of our guests a short while ago recommended the following website

  8. Health and Fitness
    April 20, 2018 | 5:55 am

    I want to express some appreciation to the writer for rescuing me from this particular problem. Just after exploring through the online world and obtaining principles which were not beneficial, I was thinking my life was gone. Living minus the solutions to the problems you’ve sorted out by way of the website is a crucial case, and the ones which could have adversely damaged my entire career if I hadn’t noticed your blog. Your own know-how and kindness in controlling every aspect was excellent. I am not sure what I would have done if I hadn’t come upon such a stuff like this. It’s possible to now look forward to my future. Thanks so much for the skilled and sensible help. I won’t think twice to refer your blog post to any individual who will need support about this issue.

  9. Health and Fitness
    April 20, 2018 | 6:18 am

    Some really nice and utilitarian information on this website, as well I think the pattern holds great features.

  10. Health and Fitness
    April 20, 2018 | 8:48 am

    Thanks so much for giving everyone an exceptionally nice opportunity to read from this website. It really is so pleasant and also full of a lot of fun for me personally and my office acquaintances to visit your website really thrice a week to find out the latest stuff you have got. Of course, we’re actually astounded with all the cool information served by you. Certain 1 facts in this article are particularly the simplest I have ever had.

  11. Health and Fitness
    April 20, 2018 | 9:22 am

    you’re in point of fact a excellent webmaster. The website loading pace is incredible. It kind of feels that you are doing any unique trick. Furthermore, The contents are masterpiece. you have performed a fantastic task in this topic!

  12. Health and Fitness
    April 20, 2018 | 11:42 am

    Hi there, You’ve done an incredible job. I’ll definitely digg it and personally recommend to my friends. I’m sure they’ll be benefited from this web site.

  13. Amber
    April 20, 2018 | 11:43 am

    Sites of interest we’ve a link to

  14. Health and Fitness
    April 20, 2018 | 12:06 pm

    I dugg some of you post as I cogitated they were very helpful extremely helpful

  15. News
    April 20, 2018 | 12:46 pm

    I have been absent for some time, but now I remember why I used to love this website. Thank you, I will try and check back more frequently. How frequently you update your site?

  16. g spot vibrator
    April 20, 2018 | 1:30 pm

    one of our guests lately recommended the following website

  17. clit vibrator
    April 20, 2018 | 2:10 pm

    that may be the finish of this post. Here youll locate some web-sites that we assume youll appreciate, just click the hyperlinks over

  18. Health and Fitness
    April 20, 2018 | 7:26 pm

    Hi my family member! I want to say that this article is amazing, nice written and include almost all important infos. I would like to look extra posts like this .

  19. Health and Fitness
    April 20, 2018 | 8:11 pm

    Thank you a bunch for sharing this with all people you really realize what you are speaking about! Bookmarked. Kindly additionally seek advice from my website =). We can have a link change contract among us!

  20. Health and Fitness
    April 20, 2018 | 8:21 pm

    Hello, Neat post. There’s an issue with your site in web explorer, could test this¡K IE nonetheless is the marketplace leader and a big section of folks will miss your magnificent writing due to this problem.

  21. Men's Subscription Box
    April 20, 2018 | 9:19 pm

    that will be the end of this write-up. Here youll come across some web sites that we feel youll enjoy, just click the hyperlinks over

  22. Health and Fitness
    April 20, 2018 | 9:52 pm

    You actually make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complicated and extremely broad for me. I am looking forward for your next post, I will try to get the hang of it!

  23. News
    April 21, 2018 | 12:02 am

    Good – I should certainly pronounce, impressed with your site. I had no trouble navigating through all tabs and related info ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or something, web site theme . a tones way for your customer to communicate. Nice task.

  24. Leigh Diclaudio
    April 21, 2018 | 12:25 am

    HelloGreetingsHey thereHeyGood dayHowdyHi thereHello thereHi! I know this is kindakind ofsomewhat off topic but I was wondering if you knew where I could findgetlocate a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having troubledifficultyproblems finding one? Thanks a lot!

Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/7-not-exactly-smart-places-to-stash-your-cash/trackback/