On: The End of Personal Finance: Decades of advice turn out to be so much garbage.

[david927]

Everything is an investment. People think that an investment is something you do to increase your assets, but it's also what you do to keep your assets. Cash is an investment. Gold is the ultimate cash (not in terms of liquidity, but in terms of consistent value). Place only in gold the money you want to keep.

[anamax → david927]

> Everything is an investment.

Not at all. Buying some things is merely an expense, he says looking at a big screen TV.

Cash is an asset. A big screen TV may, or may not, be an asset.