Liquidity = resilience and cash is an emotional hedge, rarely do we stress about having too much.
When the market makes its wild and inevitable swings, having an appropriate cash position allows an investor the ability to let the longer-term stuff sit and compound.
Ans cash isn't always about preparing for emergencies, it's about opening the door to opportunities. New business ventures, last minute travel deals, supporting a cause you admire.
Cash makes it happen.
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cash is appropriate for any money possibly needed within the next few years.
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when we talk cash, we’re generally referring to cash equivalent, or anything that can be quickly converted to cash with little risk of principal loss.
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Retirees using their asset base as an income source may benefit from 12 months or more in a cash equivalent.
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this can be: