CASH (CASH)

(Top Pick Sep 7/16, Flat) He would have preferred more money deployed. He is holding 30% cash in his funds.

Downside protection is very important. He only invests in equities he believes in and that have a good risk/return profile.

(Top Pick Oct 5/16, Flat). He still holds about 20% cash and plans to spend it over the next couple of weeks.

With 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.

(A top pick Aug 5/16.)

(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.

It is part of a strategy with the expectation of risk because it is Sept./Oct. and because of the election in November.

Some 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.

He 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.

(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.

(A Top Pick May 30/16.) Has held 20% cash for most of the summer, but just recently doubled that to 40%.

Holding about 40% cash, and just buys a high interest savings account thing that pays about 1.3%-1.4%.

This 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.

20% of his cash is on the sidelines. He is looking for some corrective action in the next couple of months.