The Wall Street Journal
Bailey McCann, Writer, June 7, 2020
Chief Investment Officer, Stuart Katz shares his thoughts on investors turning to cash and what that means for their re-entry into the market.
Behavioral investing data shows that the longer you are in cash, the longer you are likely to stay in cash.
Investors tend to get comfortable knowing that they have a nest egg that doesn’t fluctuate all that much even if it isn’t working for them. Or, they try to time their re-entry into the market.
“Investors either explicitly or implicitly make a lot of decisions by going to cash,” says Stuart Katz, CEO and chief investment officer of wealth-management firm Robertson Stephens. “They think they’ll be able to get back in when the conditions are right, but the conditions are only right after they’ve missed the rally,” he says. Indeed, this has already happened at least in part as stocks have rebounded, although they have been more volatile than in prior years.
Read the full article here.
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