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Anonymous
Keeping cash for rainy day 2017-03-06 12:23:17 Post No. 1836740
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Keeping cash for rainy day 2017-03-06 12:23:17 Post No. 1836740
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I have about 75% of my money in the market, and the rest in my bank account. My plan was keeping cash to invest in the next crash. Is this a stupid strategy? My bank gives me a 0.75% interest rate, so inflation is pretty much eating that up.
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I was at about 15% cash but didn't have the stones to sit out for any longer so I put about 8% of it into oil stocks.
If the market tanks in the next 6-12 months I'll have enough to go in again but if it tanks in 3 months I'll miss out. I doubt anything drastic will happen in the next quarter.
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>>1836740
well i hear that 50% in cash is the best if you expect a decent drop/don't know what's going to happen in a year. but i can earn plenty with my 50% in the market, so i don't know what your situation is
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How would you invest your cash if the marked crashes, or there is a decent correction? Stocks? Index funds?
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