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Reply to "How much should you keep in cash now?"
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[quote=Anonymous]We are retired and also recently needed to exercise a bunch of stock options for my husband's company before they expired. Consequently, we are VERY cash heavy...I would say probably about 4-5 years of expenses (and we spend a lot). We had planned to re-invest that money, but now we hesitate due to the market being up so high. The money is sitting in a money market earning about 4-5%, which isn't bad. My financial advisor is saying we should invest some (gradually) because we are going to have another injection of cash from deferred comp in a few months (about $.5M) and that would put us close to $2M in cash. Total investments right now (stocks and bonds) is around $13M. Honestly, when you put it in context, it doesn't seem so bad to me, but FA keeps saying we are dragging down our portfolio with all the cash. [/quote]
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