The Woo Group RBC Wealth Management Hong Kong USA: How Cash Fits Your Financial?

How Cash Fits Into Your Overall Financial Picture

To prepare for your financial future, you are likely putting considerable focus on growing your investments. But you should also consider the important role that cash plays in your current and future financial life.

We all hold cash to pay for our current expenses, but what about future, perhaps unexpected, expenses. Are you saving for a large purchase? Do you have enough cash on hand to protect against unforeseen events like a job loss? And what about the role cash plays in your investment portfolio?

Plus, your portfolio allocation to cash and “cash-like products” typically changes over time depending on your risk tolerance, investment time horizon and whether you are near retirement or already retired.

Clearly, effectively managing your cash is vital to meeting your financial goals.
Asked Jul 02, 2014

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