The Importance of Cash in All Stock Portfolio

The importance of having cash in your folio, which isn't is an asset class that a lot of very smart investors say, you do not need cash. For anything that's ten plus year time horizon, behave yorally. More conservative. If that's what you need, behave orally. Absolutely. And i will say, in terms of risk tolerance, one factor, the influence of a person's risk tolerance is also their level of debt.