Diesel Blues

I've told our listeners before, I have a heavy cash position.

It doesn't bother me.

I've got plenty of money in stocks, but I've got a heavy, heavy cash short-term fixed income position that makes me happy.

Makes me happy.

And I'm generating more and more from it in money markets and short-term bills.

You're getting close to 5% now, again, in these yields.

So there is an alternative that doesn't make me desperate to put that money to work somewhere else.

It's a fine return on that.

I'm okay with it.

And I'd much rather go to sleep at night and say I don't have any real risk to my day-to-day to worry about because of the way I have things positioned.

That suddenly at my age is worth more than worrying about whether the portfolio will be 10% larger.

The portfolio is large enough and I'm going to make sure I'm just sleeping well at night.

My kids look like they're going to be okay.

I'm meeting my long-term goals, but I'm not selling stocks.

I'm not betting against this economy or the future of the U.S. I'm here invested and going to continue to participate.

And when opportunities present themselves, I do have that cash.

And I will step in when everybody else is losing their minds.

They're not losing their minds right now.

And I'm fine being patient, but it's hard.

So your cash position has edged up a bit.

Yeah, it sounds like

you stole my

speech notes.

I'm exactly the same place.

I've got more cash right now than I've had in decades.

I've told our listeners before, I have a heavy cash position.

It doesn't bother me.

I've got plenty of money in stocks, but I've got a heavy, heavy cash short-term fixed income position that makes me happy.

Makes me happy.

And I'm generating more and more from it in money markets and short-term bills.

You're getting close to 5% now, again, in these yields.

So there is an alternative that doesn't make me desperate to put that money to work somewhere else.

It's a fine return on that.

I'm okay with it.

And I'd much rather go to sleep at night and say I don't have any real risk to my day-to-day to worry about because of the way I have things positioned.

That suddenly at my age is worth more than worrying about whether the portfolio will be 10% larger.

The portfolio is large enough and I'm going to make sure I'm just sleeping well at night.

My kids look like they're going to be okay.

I'm meeting my long-term goals, but I'm not selling stocks.

I'm not betting against this economy or the future of the U.S. I'm here invested and going to continue to participate.

And when opportunities present themselves, I do have that cash.

And I will step in when everybody else is losing their minds.

They're not losing their minds right now.

And I'm fine being patient, but it's hard.

So your cash position has edged up a bit.

Yeah, it sounds like

you stole my

speech notes.

I'm exactly the same place.

I've got more cash right now than I've had in decades.