CIOs and Bow Ties

CIOs and Bow Ties


A $200 billion money manager on why every stock market investor should be ready to go to cash

November 15, 2021

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points form the article:


- A $200 billion money manager on why every stock market investor should be ready to go to cash


- That often means owning things ... planes, trains, timber, rights to music and TV shows, theaters, all things that can create cash flows, not market correlated,â€ Williams said.“Collectibles, if you have an edge there, like a family office, those might be a good place to sit for a while,â€ Burton said.


- every single U.S. treasury maturity has a negative real rate and the time value of money is really nothing,â€ Erdoes said.


- For most investors, it should not be a binary decision between being in stocks or out, according to Ashbel Williams, who recently retired as head of the roughly $200 billion investment portfolio for the Florida State Board of Administration.


- Hedging inflation risk with real assets including real estate, alternative assets including cryptocurrency, and a focus on hyper-growth companies rather than broader market gains, are among the ways that investors are making allocations amid what they view as a U.S. stock market running a little hot.


- Investors should always have assets in their portfolio that can be quickly liquidated and turned into cash, but that is so they can rebalance into equities that have taken a hit and offer value


- Market volatility is up and valuations in the S&P 500 may tempt stock investors to go to cash, especially if Q3 earnings disappoint.


- Research has consistently shown that time in the market is more important than perfect timing, but that does not mean money should


- The No. 1 way to protect capital is to follow investment policy and rebalance back into equities while at depressed prices.â€


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