facebookWhat is the purpose of holding cash in a portfolio? I never really understood the rationale of this? - Seedly

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Anonymous

19 Aug 2020

General Investing

What is the purpose of holding cash in a portfolio? I never really understood the rationale of this?

And is the cash in this situation money held in a savings account or in money market funds? If it's the latter, what is a good money market fund in SG?

Discussion (1)

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For me, my cash holding includes emergency funds + extra to buy in if market crash.

I keep them in tiq elastiq 1.8% and singlife 2.5% which relatively easy to open.

I do use StashAway simple (underlying is MMF), however, the cash out process is not as quick as singlife.

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