Fender: The portfolio you're proposing using is probably not a very good one. He says it has way too much cash in it, and that's going to drag on the portfolio over long periods of time. Fender: You can live with up to 20% if it's in at least some shorter term bonds or something. But 30% of cash in a portfolio stuffed into a pillowcase and calling it a cushion is not a good idea.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode