So, I tend to think about this in three different groupings because we do it a little bit differently depending on what it is. Kitces: To me, when we think about cash, particularly, I’m sort of assuming this realm of we’re investors, but we have other dollars as well, right? Like there’s a big bucket of lots of different places that cash can sit. It sounds like you kind of silo them into a few different categories. So, I’m wondering if you can share how you think about safe assets. Investors have had a little bit of a scare over the past couple of weeks with the regional bank troubles. I want to start by discussing what’s going on with safe assets. Frictional Cash and Investment Cashīenz: Well, we’re thrilled to have you here. Michael, thank you so much for being here. I recently had the opportunity to sit down with Michael Kitces, he is a financial planning expert, to discuss how investors and their advisors should be thinking about the safe portions of their portfolios. Deposit accounts have been in the news recently. He is a financial planning expert and the head of planning strategy for Buckingham Strategic Wealth, co-founder of XY Planning Network and AdvicePay, and the chief financial planning nerd for the advisor education platform and the Nerd’s Eye View blog.Ĭhristine Benz: Hi, I’m Christine Benz from Morningstar. Our guest for this video is Michael Kitces. Often this is for short- to intermediate-term goals.
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