Am I holding too much cash?

<p>Many listeners and clients have recently asked me if they’re holding onto too much cash. Since inflation hits cash more than anything else, it’s a topic that’s on a lot of people’s mind. </p> <p>Here’s the truth: </p> <p>Cash yields basically nothing. And it shouldn’t play a huge role in your investment decisions. </p> <p>In this episode, I reveal how much cash you should have on hand. And why holding too much money is stealing your wealth. Listen to the episode now. </p> <p><strong>Show Highlights Include:</strong></p> <ul> <li>Why stockpiling cash drags down your entire portfolio (especially if storing money away makes you feel more secure) (3:06) </li> <li>The counterintuitive reason trying to time the market to maximize your gains costs more than buying an overpriced stock (5:39) </li> <li>The “3 to 6 month” rule of thumb that tells you exactly how much money you should hold in cash (7:47) </li> <li>The weird way playing it too safe can be more expensive than being wildly aggressive (9:01) </li> <li>How holding onto too much cash robs you in plain sight (9:05) </li> <li>The “Bucket Planning Strategy” for keeping enough cash on hand to fund emergencies (without sacrificing your future gains) (10:12) </li> <li>The “Wealthopoly Method” that maximizes your long-term investments (18:21) </li> <li>Why the old “set it and forget” method to investment can cost you hundreds of thousands of dollars (and why the “actively waiting” strategy is superior) (19:01) </li> </ul> <p>To schedule your free retirement tracking meeting, specifically for first responders, head to <a href= "http://pensionattention.com/" target="_blank" rel= "noopener">http://pensionattention.com/</a> or call us at 805-409-8150.</p>