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Optimizing Portfolio Performance with Cash Reserves
Exploring the impact of cash reserves on investment performance and portfolio longevity over a 25-year period, highlighting the benefits of having cash ready for market downturns to seize investment opportunities. Reflecting on how various clients strategically managed cash reserves during market crashes and discussing the balance between investing in equities and fixed income assets in a low-interest-rate environment. Delving into the moral obligations and dedication required in managing clients' portfolios, emphasizing the importance of passion and engagement in the demanding field.