Regular readers of this space know that one of my favorite answers to financial planning questions is, “It depends.” And, of course, the answer to “How much cash is enough?” is “It depends.” Cash can be very helpful in a portfolio if: You hate volatility and wish your portfolio could have fewer sharp declines in …
Two reasons to make cash part of your financial portfolioRead More
Imagine a client who is very conservative–a risk-averse investor. It’s 1999, and she has watched from the sidelines as tech stocks have skyrocketed. Year after year, she’s seen tech equities beat cash and bonds like clockwork. The client grows convinced that there’s no risk to investing in tech stocks — they only go up. In …
Classic rock fans may remember the Grateful Dead song that goes, “. . . when life looks like easy street, there is danger at your door.” Those lyrics sound like they were written for 2018. It seems everybody is asking when the stock market will top out and pull back. One thing is clear: The …
