Is Cash Still Trash?
On this episode of 100 Year Real Estate Investor, Jake and Gino dive deep into the idea that Cash is Trash. Billionaire investor Ray Dalio first coined the phrase “Cash is Trash” back in 2020, when he proclaimed that investors shouldn’t miss out on the strength of the market, and that they should dump cash for a diversified portfolio. At that time, he advised on having a global, well-diversified portfolio and said the one thing people shouldn’t and couldn’t “jump into” is cash, dismissing it as virtually worthless.Fast forward to present – Mr. Dalio now sings a different tune – recently tweeting that “the facts have changed, and I’ve changed my mind about cash as an asset- I no longer think cash is trash.
Jake and Gino explore this views and debate on what they think of cash in today’s market. Gino shares his story and how his perception the value of cash was developed. He explains the benefits of having cash and clarifies that cash is not the trash but the medium for exchange and storage of wealth.
Key Insights:
00:00 Introduction
01:15 Differing view points: “Cash is a Trash”, or “Cash is Opportunity”
03:52 Benefits of having cash and liquidity in your portfolio
05:13 Short term traders versus long term traders, it’s all about mindset
07:17 Cash gives you options you can’t get with other options
09:28 A down cycle is an opportunity for people who are wanting to get into deals
To know more about long-term personal financial engineering and options for building legacy wealth, connect with our Team at www.100year.com
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The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Jake and Gino are not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.