GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
20 YearsHelping You Live Richer
Reviewedby Experts
Trusted byMillions of Readers
Should you be holding on to cash?
Its a question many consumers have been asking in recent months thanks to the worlds most famousinvestor.
Warren Buffetts conglomerate, Berkshire Hathaway, has a huge cash pile amid its stock-selling spree.
Buffett has been selling stocks so much this year that the Berkshire Hathaway cash balance reached record levels.
Amid fears of a recession, its helpful to note that Buffett doesnt sell due toeconomic conditions or predictions.
Instead of loading up on new companies, Berkshire Hathaway is holding onto a cash load.
Other well-known investors have expressed concerns about the rising fiscal deficit.
The answer may greatly depend on your finances and your goals.
You may see cash as a safer option than things such as stocks or bonds.
However, according toJ.P.
Experts at J.P. Morgan suggest you take a step back and look at your overall financial picture.
you could think about how much liquidity you need.
you might also review your money goals.
More From GOBankingRates
Share This Article:
