‘Cash is still trash’ — Billionaire Ray Dalio says keeping money in a savings account is not safe. Here’s what he holds instead

‘Cash is still trash’ — Billionaire Ray Dalio says keeping money in a savings account is not safe. Here’s what he holds instead

Some say cash is king. But according to Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, it may not be wise to keep too much of your investment money in cash these days.

“Cash is not a safe investment, is not a safe place because it will be taxed by inflation,” Dalio told CNBC last year.

This week, when CNBC asked him about his current opinion on cash, Dalio’s response was unchanged: “Cash is still trash.”