RE:RE:RE:Albertan GordI agree with you 100% on what you see in grocery stores, etc...; my cash earns 0%... Yet, let me tell you a short story.
Less than two years ago my wife & I went on holidays out of the country. The stock market collapsed; my wife almost had a heart attack watching our investment value collapse. Meanwhile I was very, very happy watching our monthly dividends buy lots & lots of new shares at inexpensive prices. Which led to increased monthly dividends...
Eit.un showed almost 4% in cash on their last financial statements. So I keep almost 3% in cash "just in case"... My cash position is an "insurance policy". It allows me to sleep comfortably at night - not worrying about any potential hiccups in the stock market.
On a side note, Happy New Year!
Martincat wrote: What do you mean by cash? Cash sitting in a bank account bearing close to zero interest.....Are you not concerned with inflation which is nipping at such investments? The reported CPI numbers are misleading in my opinion...One has to only visit the local grocery stores, gas stations, etc to see the real numbers...