BACKMany investors have felt the temptation to exit the stock market over the past 12 months and hold cash or cash equivalents. Switching to cash may appear to be a safe strategy but, in reality, you are actually trading one risk for other risks. I believe that risk is best managed by a prudent asset allocation, not by trying to time short-term market movements.
The Comfort of Cash
Author:
Mimi H. Boblitz
Published on: 20090414