Recently, I have been telling all of my friends and relatives to save and/or accumulate as much cash as they can. Better yet, to keep putting it in a 10-Year note. Assuming that they don’t actively invest/speculate in the stock market.
Stupidest investment advise ever?
Not when you are accumulating cash in order to raid the stock market at the bottom. AKA….to bathe in the blood of others. In fact, I gave the same advice in 2006-2007 or right before the collapse. Here is what happens when you accumulate cash right before or during the bear market.
First, you tend to avoid a bear market decline and losses of 30-50%. Second, you have the capital to come in at the bottom (ex: 2009) and buy the market/stocks at give away prices. Minimizing risk and maximizing gains in the subsequent bull market. Making cash one of the better investments today (because of a 2014-2017 bear market).
Marc Faber tends to agree.
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Why You Should Invest All Of Your Money In Cash. Hint….You Will Make A Killing. Google