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Experts have varied opinions on the company CASH, with some prioritizing the safety and stability of high interest savings accounts, while others emphasize the potential for market downturns and the benefits of holding a significant cash reserve. Overall, the consensus appears to be cautious optimism, with a focus on the benefits and potential drawbacks of holding cash as an investment strategy.
Interest classified as income on this product - therefore taxable. Not a significant premium, but very safe option. Good overall.
Rate of return may have come down slightly since then. Chose it because of high chance of recession. You got 5%, risk free, with high level of optionality, beautiful. It's a gift that we didn't have for 30 years. With chances of soft landing increasing, much of this cash has been deployed into equities and coupon bonds.
In a 70/30 portfolio, he's about 76% equities right now, as the market's had a fabulous run. But trees don't grow to the sky, so he wouldn't be surprised by a pullback in equities. The rest of this money will be available to deploy when that happens.
It was a non-earning asset for over a decade, but not now. The only risk is in reinvesting say, a GIC--where to put that money. He chooses bonds and has been reducing cash for clients from over 10% to much lower. Likes US 10-year treasuries paying nearly 5%, a gift. Rates will decline going forward, but not to 0. 3.5-4% is the target.
He made 4% in a time when the market declined 4% just by holding cash. He hold 27-30% cash, which is high. His historic high is 40%.
The S&P got overbought, led by the big 7 megatech stocks. Add to that seasonality when September is historically weak. He's holding 21% cash, but that will likely change in a few weeks if markets fall. He thinks the S&P can fall back to 4,200-4,300.
Cash is good. Cash makes sense. If you don't like the market or don't like any stocks, then sell stocks and raise cash. This will protect you against a lousy market. Cash is for losers? Ridiculous.
The breadth and sentiment of the market is not great. He still holds cash to use if last week's correction results in a further small pullback.
Lid on the S&P 500 is 4200 right now, and it hasn't cracked it since last year. He sold his S&P index when it got close. He's heavy into cash, around 33%. Beyond those 6 magic stocks on the NASDAQ, the broad picture shows that most stocks are going down.
The TSX has a bit of upside potential to just over 20,000 for a trade, but how much will it take to get through that? Certainly the Canadian banks haven't reported wonderfully lately.
He's in cautious mode. He'll wait and see what happens.
This is the start of a broader decline. If you must be in the market, maybe go into big tech, which lacks balance sheet and lending concerns, but there will be growth concerns. He isn't buying anything at all, but is preserving capital. Cash.
Be careful going into to cash, because you could miss the timing when it's actually better to be in stocks. He doesn't advocate raising cash.
The January rally was due to multiple expansion and add FOMO. The brunt of Fed activity (rate hikes) has yet to be felt. The market now is a good reset. There is an insatiable appetite to buy stocks, but it's better to be in cash, because the second half of 2023 will be miserable when we see the impact of these hikes. The risk now is to the downside.
It is an uncertain market and there is a risk of a hard landing so he has a substantial amount in cash. You can deploy it when it makes sense. It also gives flexibility. He holds some energy and defense contractors and is overweight in utilities and consumer staples.
CASH is a OTC stock, trading under the symbol CASH on the (). It is usually referred to as or CASH
In the last year, 6 stock analysts published opinions about CASH. 6 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for CASH.
CASH was recommended as a Top Pick by on . Read the latest stock experts ratings for CASH.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
6 stock analysts on Stockchase covered CASH In the last year. It is a trending stock that is worth watching.
On , CASH (CASH) stock closed at a price of $.
Sitting tight and not buying. He expects a 4-5% pullback short term.