CASH (CASH)
Sep 5, 2026, 12:00 amThis summary was created by AI, based on 5 opinions in the last 12 months.
Experts express a cautious approach towards maintaining cash positions in light of market conditions and potential recessions. One expert emphasizes the necessity of raising cash when market breadth deteriorates, suggesting a strategy of holding 5-7% cash to provide flexibility. Another expert notes the importance of cash as a way to navigate uncertain markets, particularly when buying into a falling market may not be prudent. There's a consensus that markets experience cycles, with historical patterns indicating that breadth deterioration precedes bear markets. Overall, cash is seen as a strategic tool that allows for better positioning when opportunities arise or in case markets take a downturn.
Downside protection is very important. He only invests in equities he believes in and that have a good risk/return profile.
Stephen Groff(Top Pick Oct 5/16, Flat). He still holds about 20% cash and plans to spend it over the next couple of weeks.
Keith RichardsWith the volatility we are seeing today, cash comes in handy. It allows you to buy whatever is getting crushed without having to sell something else. It is purely because of the US election.
Veronika Hirsch
(Top Pick Aug 23/16, Flat) It is a strategy that keeps his volatility low. It is a position that is part of his discipline.
Keith RichardsIt is part of a strategy with the expectation of risk because it is Sept./Oct. and because of the election in November.
Keith RichardsSome of his funds are up to 30% in cash. He builds a portfolio by being truly absolute focused. If he can’t find a place to put the money, then he holds cash. Hopes that at some point he gets to put a bunch of it to work.
Stephen GroffHe has some cash, because there will be some fabulous opportunities. A lot of good company stocks get thrown away because of people wanting to get out of the sector.
Josef Schachter(A Top Pick Sept 26/15.) At the time we had had a very rough August, and September was not much better. He is pretty much fully invested now with not much cash on hand.
John Stephenson(A Top Pick May 30/16.) Has held 20% cash for most of the summer, but just recently doubled that to 40%.
Keith RichardsHolding about 40% cash, and just buys a high interest savings account thing that pays about 1.3%-1.4%.
Keith RichardsThis is the time of year when you start to get a spike in the VIX. When volatility starts increasing, equity markets move lower. Typically, from now until the middle of October, we have some kind of incident that causes that volatility. This is a warning sign, but is also an opportunity. Historically between now and the middle of October, North American equity markets reach a very important seasonal low.
(Top Pick May 30/16, Flat) He invested 25 of his 45% cash after the Brexit vote.
Keith Richards20% of his cash is on the sidelines. He is looking for some corrective action in the next couple of months.
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(Top Pick Sep 7/16, Flat) He would have preferred more money deployed. He is holding 30% cash in his funds.