We all know what cash is – those bills in your wallet, right (well, for those of us that still carry cash around these days)? But what do financial pros mean when they say “cash”? This can be a dynamic term that goes beyond the loose bills and coins in one’s wallet, as it also encompasses investment vehicles that provide safety from the market’s “ups and downs” with some return on your investment. In this Money Hacks episode, I’ll go through a few of the different meanings/definitions when a financial professional uses the word “cash.”
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