Quote:
Originally posted by SoCal911SC
30% cash?? If you're saying your 70% in equities, you're quite a risk taker.
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Until last week, I was 100% equities. I took my accounts over from Smith Barney about 15 months ago after they giving me piss poor returns for years. Since I took them over I'm about 9% up, was more like 20% for a while, but looking at it, many of the mutual funds I was in have given me less than 5% to date returns, some where doing better, then pulled back. The way I figure it, if I can get 5.2-5.4% on a CD with no, or little risk, why should I be in funds that do a similar return, or less in a relatively good market? What will those funds do in a really bad market? In looking at the comments above and what I'm reading in the business world, I may well go above 50%. Any thoughts on cash positions besides CDs that give better than 5 to 5.4%?