CASH (CASH)

(A Top Pick Dec 12/14.)

We are in a correction, and how long a correction goes on for he doesn’t know. In portfolios he manages, he has them hedged versus the markets, so has virtually had no impact so far in the year from negative markets. This is a good time to have some cash and it can be put to work when the market gets turned.

With oil below $30 today, risk/reward is not good. Volatility is here to stay and with 30% cash he is ready to take advantage of dips.

(A Top Pick Dec 1/14.) Currently has 10% of his cash position sitting on the sidelines, but that can go up or down 3%-5% in a day. His bias is to be fully invested heading into the new year.

(A Top Pick Dec 12^th/14.) Right now he is high in cash. Looking to add to his precious metals when he gets a Buy signal, otherwise he is waiting. It is a time to be patient.

He has been cautious for over a year. You always should hold some cash, but you have to have a lot of it today. There are always some things going up even when everything seems to be going down, and you want to be ready for those opportunities. He is 80% cash right now, but is always 20%.

(A Top Pick Sept 16/15.) Back in May he trimmed back a bunch of his holdings. At one point in the summer months, coming into August 24, he was only at about 10% in equities. Today he is fully invested in the market.

(A Top Pick Aug 25/14.) Today he is holding about 42% in cash. His cash weighting can be anywhere from 0 to 74%.

His risk portfolio is in the mid-20’s percent cash.

If you want to hold cash, you need maximum liquidity. You will earn next to nothing. Don’t park it in something for a short term that is conservative. He thinks there is enough volatility that there will be plenty of opportunities to spend his money.

(Top Pick Aug 24/15, Flat) He was thinking they would re-test the lows of August.

He can be short, long or out of the market. He suggests holding some cash on the sidelines. You’ll get all this stuff you like when valuations come down. Just sit it out. Avoid the temptation to buy. Consider taking profits where you have them. If can raise cash then why not and then invest it later.

(A Top Pick Oct 8/14.)

He is looking to deploy his cash as the opportunity comes up, which might be the beginning of October. Technology tends to do well and Canadian banks start to do well. There is still a lot of volatility in the market, but on average this is a bit of a softer time, so cash is pretty good for the short term. He looks to be fully invested by the end of October.

(A Top Pick July 14/15.) He is holding about 50% in cash and is not ready to deploy that yet. Seasonally, August and September can be a little bit crummy on the market. There are a lot of great stocks, but he waits for the overall market to signal.