You seem to be one of the few who understand that investing means you can lose ALL of the money invested (even in 401k’s). That isn’t saving; thats called gambling.
Do I have money in the various markets? Of course. Savings account/checking account rates are pitiful, so I have to seek a higher rate of return. But I have money in those accounts, too, because they don’t require that someone buy the shares or mutual fund units I offer for sale. People seem to think that once they tell their broker to sell shares/mutuals there will always be a buyer for it. Not always so, especially in a panic or market crash.
Its all about balance. Too many people think diversification means spreading all their unallocated money throughout the various stock/mutual types. It doesn’t.
Correctly stated.