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reality radio for a really great future. We're talking real money.

Hi, this is Tom Cock. Cash is one of those things that really makes you feel good, but shouldn't.

You know, it's great to wake up in the morning and look at your bank account and see all that money sitting there, and then wake up the next day and see

about the same amount sitting there. And then a day after that, wake up and look at your bank

account and see all that money sitting there, but it hasn't changed much. Guess what? Rising prices

have, even though inflation has been very low, it does not make sense to keep a lot of money in cash, especially

in today's ultra low rate environment. And yet, we have about $12 trillion in cash. Those banks

absolutely love you. Banks like Goldman Sachs, they're paying out six-tenths of one percent a year in

interest. Guess what, folks? They're making money while they give you that very low interest rate.

So let's talk a little bit about cash, cash in your portfolio, cash to pay things off, cash heading

into the future. First of all, I don't believe in holding cash in your portfolio, cash to pay things off, cash heading into the future. First of all,

I don't believe in holding cash in a portfolio. The people that do are saying, I expect the price

of a security to go down, right, because I'm going to buy it, or I'm holding it for some purpose. We see no reason to do that.

If you looked at my portfolio or client's portfolios, basically all in stocks or bonds, I think that's

very important. If you're borrowing money, this is a great time, right? Those ultra low rates,

the average rate on a 30-year fixed now 2.87 if you have the money

and you want to make something on it it's not so great to be in less risky investments right the

10 year US treasury paying seven tenths of one not much. So what do I think you should be

considering about this whole topic, about low rates, cash, et cetera? Well, first of all,

if you do have any sort of loans that are above 5 percent, I think you should probably be paying those off. With rates this low,

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