Many listeners and clients have recently asked me if they’re holding onto too much cash. Since inflation hits cash more than anything else, it’s a topic that’s on a lot of people’s mind. 

Here’s the truth: 

Cash yields basically nothing. And it shouldn’t play a huge role in your investment decisions. 

In this episode, I reveal how much cash you should have on hand. And why holding too much money is stealing your wealth. Listen to the episode now. 

Show Highlights Include:

• Why stockpiling cash drags down your entire portfolio (especially if storing money away makes you feel more secure) (3:06) 
• The counterintuitive reason trying to time the market to maximize your gains costs more than buying an overpriced stock (5:39) 
• The “3 to 6 month” rule of thumb that tells you exactly how much money you should hold in cash (7:47) 
• The weird way playing it too safe can be more expensive than being wildly aggressive (9:01) 
• How holding onto too much cash robs you in plain sight (9:05) 
• The “Bucket Planning Strategy” for keeping enough cash on hand to fund emergencies (without sacrificing your future gains) (10:12) 
• The “Wealthopoly Method” that maximizes your long-term investments (18:21) 
• Why the old “set it and forget” method to investment can cost you hundreds of thousands of dollars (and why the “actively waiting” strategy is superior) (19:01) 

To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.