*Had to update this as by the end of day March 2, 2018, along with some further trimming of some stock positions and an infusion of new cash into the accounts, cash has increased further from 62%.
As of the end of the day this Tuesday, cash now makes up
62% 70% of the entire portfolio, up 12% 20% from 50%. An old rich white guy once said:
“It takes character to sit with all that cash and to do nothing.
I didn’t get to where I am by going after mediocre opportunities.”
I’m neither old nor rich nor white, so I’m not sure if that advice applies. Anyways, my gut feeling is that the calm, steadily rising markets of 2017 to late-January 2018 are over. Volatility is back. It should open up opportunities to grab some core holdings at decent prices.
So, I sit in cash and wait for prices to reach my range.
As always, the only advice I have is to do as I say (index, dollar cost average, DRIP, and forget) and not as I do (what I’ve just written about).