Three Things: Value Of Cash, 3rd Mandate, Yellen Channels Bernanke

by Lance Roberts
Real Investment Advice

El-Erian – The Value Of Cash

My friend, Anora Mahmudova, recently wrote for MarketWatch about Mohamed El-Erian’s discussion on the importance of “cash” for investors.

“At a breakfast meeting with reporters on Monday, the former Pacific Investment Management Company chief executive said central bank asset purchases have successfully decoupled asset prices from fundamentals and distorted traditional correlations.

‘Investors cannot rely on correlations as a risk mitigator, making cash a very valuable thing to have.

It can give your portfolio resilience during stressful times, optionality—whether you use it for tactical or strategic purposes and flexibility to deploy it when necessary.’

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