I am a Vanguard investor. Right now, I have a very aggressive asset allocation since, being retired, I have enough passive monthly income to live on. However, I am also interested in having cash reserves in case of market downturns. Please discuss what "cash investments" are, and how much to keep in cash, plus, which account would be best to have cash in: brokerage (taxable) or IRA (Roth and traditional)?
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I am a Vanguard investor. Right now, I have a very aggressive asset allocation since, being retired, I have enough passive monthly income to live on. However, I am also interested in having cash reserves in case of market downturns. Please discuss what "cash investments" are, and how much to keep in cash, plus, which account would be best to have cash in: brokerage (taxable) or IRA (Roth and traditional)?
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Link to comment from August 28, 2024