Five good reasons for you to hold cash

With the markets so volatile at the moment, it pays to be cautious with your money. Here, Bengt Saelensminde gives five good reasons why cash is king.

"25% cash! Are you mad? Exactly what are you expecting to happen Bengt?"

That was the response from an old colleague upon reading that my cash allocation is higher than it's ever been. And it's true normally I would never allocate so much to cash.

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Norwegian Kr25%
Stlg SIPP/ISA25%
Stlg Trading a/c15%
Stlg Deposit a/c20%

Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.