Watch Out, Saving Cash Can Damage Your Wealth ; Your Money

Summary

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WITH house prices stirring, London shares powering on towards the magical 6,000 threshold, and prices of commodities like gold going through the roof, is 2006 a year when staying in cash seriously damages your wealth?

That's the nagging worry for small savers using bank and building society deposit accounts as a safe haven after the collapse in shares following the bursting of the "tech bubble" in 2000.

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Extract

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Watch Out, Saving Cash Can Damage Your Wealth ; Your Money

Part of the problem - strange in a country up to its ears in debt - is some people are saving too much.

January figures from the Building Societies Association (BSA) showed net inflows in 2005 were the highest ...

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