“Why would you convert assets (which will grow with inflation) to cash which is being devalued?”
Many of us do not believe those assets will grow with inflation because they are overvalued now.
Just my $0.02 re: a crash (or hyperinflation) is that the only safe assets are real estate (preferably agricultural), energy (preferably fossil fuels), and precious metals. Entrusting any investment in the hands of others is dangerous. As was said in the Godfather, “Keep your friends close, and your enemies closer.”
I’ve got some energy and real estate, but the wrong kind of real estate. Mine is rental houses. I need to convert them.
Just sayin’
Gwjack