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Reply to "Is this too much cash, or is it appropriate?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, don’t listen to all the morons. The stock market is wildly overvalued right now and anyone holding cash is going to be king within the next 1-2 years. We’ve been in a highly volatile sideways market since late 2020. Hold onto your cash, rake in a comfortable 5% in high yield savings and money market funds, wait until the S&P drops to 4000, and then go all in. I’ve done this dozens of times since 1990 and [b]I’m sitting on a $918M portfolio of mostly cash with a cost basis of $2M[/b]. When the S&P 500 hits 4000, I buy; and then when it jumps back to 5000, I’ll be $250M richer than the dumb ones that decided to buy high too early. [/quote] Lol, is this real??[/quote] PP is probably trying to pull a fast one by using accounting M's instead of Ks. [/quote]
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