2 ms·
> I suspect many are sitting on cash, waiting for the other shoe to drop (or, you know, the market). Well, MOST people can't afford an unexpected $500 bill, so
by hitpointdrew 6y ago
> I suspect many are sitting on cash, waiting for the other shoe to drop (or, you know, the market).
Well, MOST people can't afford an unexpected $500 bill, so most people aren't sitting on cash. Nevertheless, I don't agree that most of the people who can afford an unexpected $500 bill are sitting on large cash sum either either. Personally I have 2/3 in the market, and 1/3 cash (for liquid assets, I also have equity in my home but I am not counting that).
- thephyber 6y agoI'm out of the stock market waiting for the other shoe to drop. I've been all-cash since early Feb just watching this FOMO rally from the sidelines. I'm not average for an American (consumer or investor), but people like me exist.
- hitpointdrew 6y agoGood luck to you... I have always heeded the advice of just holding through any downturns, so far that advice has served me well.