Holding cash in an investment portfolio can provide a sense of security, but it can also come at the cost of underperformance and failure to achieve long-term financial goals.
Australian Tax Office figures show self-managed superannuation fund trustees had a massive $145.9 billion in cash and term deposit investments at December 31, 2023, representing 16.6 per cent of total net SMSF assets.
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Maziar Nikpour is the senior manager of the investment strategy group at Vanguard.
