Hold On To Cash!

I believe, with all the uncertainties that lie ahead, the prudent decision is to try to be in as strong a cash position as possible.

The pandemic continues to wreak havoc in so many ways that we never thought could happen. Major companies are continuing to announce their bankruptcies. Many universities are in financial peril.

The restaurant sector is trying to adjust to the new realities with mixed results. Those that do survive will have to raise prices with fewer customers caused by social distancing. Because there are fewer restaurants, the biggest winners in all this are grocery stores.

Cities and states are losing money in an attempt to provide services to all those in need. Their only alternative to recoup will be to raise taxes.

All of these factors will result in higher costs to us.

If not today, when?