TINA. There is no alternative.
When required to be fully invested this is trueish.However you can sit in cash while no appealing investments exist. And buy in size when prices become more appealing. inb4 market timing is not possibleHave a look at Warren Buffett’s track record and the amount of cash he held in early 2000 and now.
I’m not sure what you consider to be “neutral” to hold, but forward returns for holding cash don’t look great either.
(I’m also not sure what you’re trying to say about Warren Buffett, can you be more explicit)
When required to be fully invested this is trueish.
However you can sit in cash while no appealing investments exist. And buy in size when prices become more appealing.
inb4 market timing is not possible
Have a look at Warren Buffett’s track record and the amount of cash he held in early 2000 and now.
I’m not sure what you consider to be “neutral” to hold, but forward returns for holding cash don’t look great either.
(I’m also not sure what you’re trying to say about Warren Buffett, can you be more explicit)