Financial Essay: Why Hold Cash?

Why Hold Cash? - Published by Joel Stevens on November 15, 2014

This essay relates to determining if and how much cash should be held in a portfolio to produce superior long-term results. In particular, the essay is devoted to determining whether or not it makes sense to hold cash when compelling investment opportunities still exist, e.g., in order to take advantage of an upcoming downturn, based on valuation metrics, etc.