Its 2019, and a recession is in our future, and in a recession, cash is king, or so they say.
Yes, its good to have a ton of it when the market drops so you can take advantage of all those cheap stocks. But will you? When will you? Will you know the bottom when we get there? Will you buy on the way down and average in? Are you really still trying to time the market?
Its good to have a cash position, as an opportunity fund to take advantage of lower stock prices, but are you holding way too much cash, for far too long, just waiting for that magic bottom and missing growth opportunities today?