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Why holding too much cash can be costly and how to maximise wealth
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Money sitting in a bank is secure, but it can also mean missing out on potentially higher returns.
ST ILLUSTRATION: MANNY FRANCISCO
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SINGAPORE – Cash is king, an adage that holds true for both the rich and the rest of us, even in this new era of digital payments and cryptocurrency
Private bankers tell The Sunday Times that it is common for the world’s well-off to hold about 20 per cent of their portfolio in cash – “dry powder” that’s ready for deployment when opportunity arises.
