US Capital Controls
Source: Daily Crux
http://thecrux.com/financial-martial-law/
The war on cash has two main thrusts…
The first is to make it difficult to obtain cash in the first place.
The second thrust is to eliminate large-denomination banknotes.
I hold significant portion of my wealth in non-digital form, including real estate, fine art and precious metals in safe, non-bank storage.
I strongly suggest you do the same.
While money market assets make up a record-low 17% of long-term funds, the cash balance of equity mutual funds also sits at an all-time low of 3.3%.
Cash benefit #1: Avoid market risk
Cash benefit # 2: Protect your portfolio
Cash benefit # 3: Dry gunpowder
A particular concern for bond investors is the expectation that the Treasury Department could issue $1 trillion of debt in 2018, almost double the amount seen in 2017.
According to the latest BofA Merrill Lynch fund manager survey, the average cash position in portfolios fell to a five-year low of 4.4%.
Equity allocation hit a two-year high of 55%
Most investors already know the primary importance of having cash on hand is to meet upcoming normally recurring expenses for six to 12 months.
Don’t lose patience, wait for the right price to buy. If that buy price is never reached, move on to the next idea.
Boomers hold twice as much cash as professionally managed accounts do.
Gen Xers and millennials both have about three times the cash the pros think they need.
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