I used to have about $300k in cash but decided to invest in a property. Luckily I did that before the cooling measures. The property has doubled in value over the past 6 years and I'm earning very good rent. Cash savings will be eroded away by inflation but property value will go up. If I had not bought that investment property, I can't afford today. Luckily I didn't listen to some people who advised me not to buy. So, don't hold too much cash. Invest it in property, not overseas but Singapore property.