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Run for cover, cash is king

0 Reco 30/07/2007 à 02:37 par loulou455

Independent.ie

WHERE should you sink your savings in these troubled times?

Property is bombing. Shares are in freefall.

Cash is king.

Sometimes it is good policy to sit on your cash, bite your lip and watch it dissolve -- slowly. A bit better than sitting on your share portfolio and watching it implode -- quickly. Far better than borrowing in buckets, buying property and sweating it out as the capital melts away .

Today is such a time. Irish assets are a temporary nightmare.

Which Irish assets?

All Irish assets.

Higher interest rates have spooked the Irish property market. Suddenly the stock market has followed it into freefall.