How Much Cash Should Be in Your Portfolio Now?
Last week I used this email from one of our financial advisors in one of my morning articles:
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Hey Jeff, about a month ago I emailed you asking if the ~1750 low on the S&P 500 (INDEXSP:.INX) was a good buying opportunity. You emailed back saying -- "No, not yet" -- and ever since in your remarks you claim not yet. So now that we are well above that level, clients are asking why didn't we get in . . . what's your recommendation?