I’m almost all in cash, having been that way for a couple of years.
Just hoping we don’t get a dollar devauation.
> Just hoping we don’t get a dollar devaluation. <
That’s very unlikely. But we may end up seeing negative interest rates, where you pay a bank or money market fund to hold your cash.
That’s already happening in Europe. But it’s only being applied to huge accounts. Will it happen here with us small fry? I wouldn’t bet against it.
Inflation not out of the question. It would hurt seniors most, being on fixed incomes. And would further erode many portfolio positions.
“I’m almost all in cash, having been that way for a couple of years. Just hoping we don’t get a dollar devauation.”
That’s also my fear. I’m the same as you, in fact I haven’t had a dime in the market since 2007, before that crash.
But yes, a devaluation in our currency - I can see that coming, as it’s the only way to extract money from our savings.