Pro Trader Harrison: Why My Long-Term Account Is 100 Percent Cash

Commodities are climbing and this guy is 100% cash?? His advice is worth exactly what we have paid for it----zilch.

If you are EVER 100% cash, it's pretty much admitting that you don't know what's going on or how to profit from it. If you do fall into that scenario, the last thing you should be doing is giving advice.

ive been stuck 100% cash since 1999 i missed the inflation indexed bonds---that is where the winners went in 1999 very near where dow/naz are now i never felt the market washed out in 2000/2001 and thot the rally since 2001 was liquidity driven and there was unfinished downsized business

ive been stuck 100% cash since 1999 i missed the inflation indexed bonds---that is where the winners went in 1999 very near where dow/naz are now i never felt the market washed out in 2000/2001 and thot the rally since 2001 was liquidity driven and there was unfinished downsized business

This guy is a moron. Long term, cash is a winner. ROFLMFAO!

He said his long term account is 100% cash. He's trading in his short term accounts.

Sitting on cash = surrendering wealth..If you don't see any equities you like, why not hold gold/silver and at least preserve your purchasing power?

I am 100% in non-cash -- I don't have any.

What a clown. My long term account, my short term account. Please.

I'm a retired broker and I told ALL my clients in 2001 and 2002 to get the hell out of the US stock market. And I was right. About 4 of them heeded my advice......which is why I quit. The market has been in hell since 2001 ...and has lots of hell to go. Just wait for all those homeless people who bought ARMs to join the ranks of homeless in your town!! It's going to get lots worse. Cash is good. Look at the Fidelity Select list of funds.....nearly all are DOWN for the year....and we're nearly in July!! $5 gas and unemployment and people can't pay for food or gas or medical care! (25% of Americans have NO medical care.) I was a stockbroker for nearly 25 years...too bad I was ignored by most clients, but at least many of my friends followed my advice.

I just lost a lot respect for his abilities. Some cash is nice, but really 100%. I expect something like that out of a retail investor, but geez people pay for his knowledge. Exercise some disclipline and nibble on the way down. There are a tremendous amount of great companies on sale. Hell, buy some puts and pay for them with some upside calls. You never know when the market will turn, not even the idiots on your TV, in your newspapers, etc.

Whoa! Preserving capital is extremely important. Isn't Buffett's philosophy "Rule #1 - Don't Lose Money Rule #2- Don't forget Rule #1"?.

100% cash? Tech Ticker proves to be worthless. Task should get the boot.

i love cash i like to hold it, roll around in it , i love cash but...... 100%

Ah, to shoot the messenger. All he is saying is....there is no order, anything you do is not worth the risk...today. Tomorrow maybe. In a few weeks take a look at your stellar investments. Bet that cash would have looked pretty good. But investors are like gamblers to Vegas, never talk about the time they get their shorts handed to them.

Forget about cash. Diversification is the key. I have diversified all my assets. 50% in my cookie jar 50% under my mattress

I'd like to hear what Robert B has to suggest. I retired from educational admin. last March. I had American Funds, various types. I've been in cash since Jan. '08. I have my pension, but I can already see what inflation will do to that. I've got just under $800,000. Any suggestions? I've kept after my husband, who's still working, to get out of this market to no avail...consequently, $200,000 down the drain. He's diversified too! Bond funds, BRIC funds, China, etc.

again please note 100% cash in long term portfolio and thats for the time being........... Agreed 100% that its important to know when not to trade......... Obviously you cant go short in your long term stock portfolio......

SO CALLED EXPERTS ARE A DIME A DOZEN. THEY ARE ALWAYS TALKING ABOUT STOCKS AND WHEN I LOOK UP A GRAPH IT IS FLAT OR DECLINING.I HAVE SWITCHED A LARGE PORTION OF MY MONEY INTO ROYALTY TRUSTS AND HAVE HAD GREEN DAYS EVER SINCE. MY POINT IS THERE IS ALWAYS A HOT SECTOR AND IT IS STUPID TO HOLD 100% CASH.

This guy reminds me the days of Y2K. I have heard several stories how at the stroke of midnight 12/31/99, all of the computers would crash. Some families actually cashed all of their accounts, bought gold bullion, and a year supply of can food on hand. "The sky is falling!!!"