Cash and the non-existent market timing bell

This issue demonstrates the potentially wealth-destroying consequences of avoiding investing in capital markets and instead holding one's assets in cash, as tempting as it may seem to do so on the back of the yield rises that were seen in 2022. Investors are also better off avoiding market timing, which extends to that of investing in cash or in a sensibly structured portfolio. Those having decided to hold cash as opposed to investing since the start of 2023 will have missed out on the market returns the year delivered.

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