05-17-2015, 09:38 PM
Oh man!! Yes, it's extremely hard for me to sit on cash!! Looking to work for another 20 years I'm still very much in the accumulation phase and never looked at a market downturn as something bad. I've lived through two as an investor--the dot com bust and then of course the financial crisis of 2008/09. The dot com bust threw my Janus funds into a tailspin but I basically ignored the financial crisis as a lot my friends panicked and sold. I held on tight and sadly passed a lot of friends that have 10 plus years on me in the market, two that have finance degrees.
I have very little in cash reserves in case of a dip, maybe 2%.
I'm not including my home emergency cash reserve, that doesn't count for what I'm talking about, for me at least.
Taking some advice here, I'll try to push the cash reserves up to 5%. I'm not sure I can do it--it's like I'm an addict or something in this department.
I have very little in cash reserves in case of a dip, maybe 2%.
I'm not including my home emergency cash reserve, that doesn't count for what I'm talking about, for me at least.
Taking some advice here, I'll try to push the cash reserves up to 5%. I'm not sure I can do it--it's like I'm an addict or something in this department.