A $200 billion money manager on why every stock market investor should be ready to go to cash

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Ashbel Williams, who recently retired as head of the roughly $200 billion investment portfolio for the Florida State Board of Administration, believes every stock market investor should be ready to go to cash. Here's what you need to know.

Market volatility is up and valuations in the S&P 500 may tempt stock investors to go to cash, especially if Q3 earnings disappoint.

Investors should always have assets in their portfolio that can be quickly liquidated and turned into cash, but that is so they can rebalance into equities that have taken a hit and offer value.The September and October market volatility after seven months of gains inevitably led some investors to wonder if it was time to "go to cash" before the big correction.

 

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