Reported about 23 hours ago
In times of market volatility, holding cash can be beneficial, according to veteran trader Kenny Polcari. While many investors fear missing out on rallies, Polcari suggests that cash signifies control and offers flexibility in uncertain conditions. Though cash lacks growth potential long-term, using it strategically in short periods can protect investors from needing to sell quality assets. Patience is key, and Polcari emphasizes that a cash position can empower investors to make informed decisions rather than act impulsively.
Source: YAHOO