It’s worse. Forecasts can bankrupt you. Fascinating how an entire fund management & sell side industry survive in billions of fees providing forecasts yet, today 1yr Treasuries pay close to 4%.
Cash has been proven King & Queen this year. Yet an entire industry fails to tell you the truth. And why should they? Their fee structures would plummet.
Granted this is unique period but, truth be told, cash has always proven itself as a valuable option to exercise carefully for opportunities that may or may not pan out.
I chuckle when I hear the the likes of so called financial Titans like Ray Dalio still claiming cash is trash.
It’s all about vested interests. Most recognize this but, few can truly do anything substantive about it - aside from opting out & investing in oneself which is a fabulous idea!
The Futility of Forecasting.
It’s worse. Forecasts can bankrupt you. Fascinating how an entire fund management & sell side industry survive in billions of fees providing forecasts yet, today 1yr Treasuries pay close to 4%.
Cash has been proven King & Queen this year. Yet an entire industry fails to tell you the truth. And why should they? Their fee structures would plummet.
Granted this is unique period but, truth be told, cash has always proven itself as a valuable option to exercise carefully for opportunities that may or may not pan out.
I chuckle when I hear the the likes of so called financial Titans like Ray Dalio still claiming cash is trash.
It’s all about vested interests. Most recognize this but, few can truly do anything substantive about it - aside from opting out & investing in oneself which is a fabulous idea!