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Rising inflation? No problem for fans of emergency cash Financial advisers continue to recommend hefty cash reserves yielding almost nothing and losing ground to inflation, under the premise that safety trumps yield. April 27, 2021 3 MINS Even with yields unable to keep pace with inflation, most financial advisers are holding firm in support of liquid, emergency cash allocations. “The most important characteristic of holding cash is not return but safety and stability,” said Christopher Lyman, financial planner at Allied Financial Advisors. “Cash is for if things go sideways and you need to pay for something without putting it on the credit card or selling assets that have currently taken a loss, or as a means of taking advantage of buying at a deep discount when a market correction or crash occurs and everyone else is scared,” he added. “With that being said, stability and liquidity are more important for your cash reserves than return, so I st

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