Having cash is so important.

Now, when tech stocks crashed, I had the cash, but I didn’t have the cojones.

When housing crashed, I didn’t have the cash.

Finally, in the middle of the commodity crash, I have cash. And I am deploying it in regular intervals (find out how in my monthly newsletter, Street Freak).

I see no point in ever being fully invested. It severely limits your options.

In the old days, mutual fund managers had the flexibility to raise cash in downturns. Now they really don’t. There is a lot of pressure for them to remain fully invested.

But you have the ability to carry around cash. That means you may underperform in a bull market, but it also means you will be able to take advantage of opportunities in a bear market.

Problem is, if you find yourself short on cash at this moment, it’s probably too late to raise it.

Time Takes Time

Here is the thing nearly everybody forgets about markets: