Cash to Half

As of yesterday, cash is up to around 50% of the entire portfolio.

I know I mentioned on Monday that it was at around 30%. I’ve been eyeballing how strong the bounce from the bottom of the recent correction has been. I guess I’m not feeling as great about any sort of continued melt up. Upon reflection, I think I’ve been trading in and out for a little while because I don’t believe deep down the narrative that everything is rosy and the market will continue to march higher and higher. So I’ll sit in cash, earning about 0.9% interest and wait.

Stocks are expensive relative to history. The 10 year US Treasury continues to go up. I will be cautious. If I’m completely wrong, as I said 3 years ago, I will just index everything to the total stock market and forget about playing fund manager.

Only advice I have is to do as I say (index, DRIP, and forget) and not as I do (what I’ve just written about).