Whether or not to hold cash has always been a topic of debate among active investors. Many value investors like to hold some cash (and then there is a debate on the amount based on when, rates etc.) but in bull markets it usually is a drag on performance. Of course, the argument to ditch cash could be a sign that markets are at a top…. Now, investors have been in a position where holding cash has placed them in a position of playing catch-up in the past. But where will the markets go in the future? In a January…
Holding Cash – Eroding Real Wealth A La 1970s Style
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.