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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (63097)1/8/2020 3:56:20 PM
From: Grommit2 Recommendations

Recommended By
beagle57
Lance Bredvold

  Read Replies (2) of 78744
 
cash. i recently joined the cash club. historically, i have been at 4% to 5% cash. now at 9%. although i do not think 9% or so will make much of a difference. if the market drops 20%, i will only drop 18%. big deal. There is really no way to prepare for bad times by holding small % cash. I am prepared for bad times, as always, by owning companies that own real (hard) assets, are paying dividends, and growing profits. If i'd have gone cash crazy a year ago, i'd have lost out big time. cannot time the market. I think quite a few utilities are pricey now, and extra div % does not justify the stock price risk. however, if i see deals after companies issue 2019 earnings and 2020 expectations, i will lower cash %.

FYI:

Taxable account cash held in etrade premium savings at 1.75%
IRA cash in VMFXX vanguard government money market fund at 1.55%
any better ideas?
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