Holding cash is a winning strategy in 2023
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That cash holds such allure says a lot about the unsettled financial and economic environment.
PHOTO: REUTERS
In 2023, cash is far from trash. That’s the verdict of 404 professional and retail investors who took part in the latest MLIV Pulse survey. Two-thirds of respondents said the cash in their portfolios would bolster rather than drag down their performance in the year ahead.
That cash holds such allure says a lot about the unsettled financial and economic environment. Fears of a potential bear market, further rate hikes by the US Federal Reserve and a looming recession have investors nervous, worried that 2023 could be a reprise of 2022’s brutal hit to portfolios.
