#Cash is king
Stock has risen for the past 2 years. People have been telling me that they have sold off every share they are holding to last year. But what happened? They have missed out on the actions.
But are they wrong? Not totally though. If markets turned south, they will be totally correct.
In my view. I always try to keep about 20% of my portfolio in cash to buy during the sharp turn especially in August and September. Only then can I have the bullets to buy into stocks that will drop the most during panic.
Invest safely and always invest within your means if you cannot afford the extra money to lose.
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