If you want to take as little risk as possible, you’re right that cash is not the safest investment because it’s vulnerable to inflation. It would be safer on a real basis to invest in something like Harry Browne’s Permanent Portfolio, which is 25% cash, 25% stocks, 25% Treasury bonds, 25% gold. Just make sure your investments are liquid enough that you can sell them quickly if you need to.
If you want to take as little risk as possible, you’re right that cash is not the safest investment because it’s vulnerable to inflation. It would be safer on a real basis to invest in something like Harry Browne’s Permanent Portfolio, which is 25% cash, 25% stocks, 25% Treasury bonds, 25% gold. Just make sure your investments are liquid enough that you can sell them quickly if you need to.