Why I Don’t Keep Cash and Invest it All
Opportunity is missed by most people because it is dressed in overalls and looks like work. -Thomas Edison “Mike, you should keep dry powder (cash) ready. Cash in your portfolio is ready to be deployed when there is an opportunity. Keeping liquidity will make sure you’re ready when the market crashes.” Each time I discuss investing “now” on this blog, I get served with the same soup. Keep cash to invest later. Depending on investors, this strategy implies keeping from 5% to 50% …
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