...”Most assets converted to cash and no debt”...
Why would you convert assets (which will grow with inflation) to cash which is being devalued?
just asking for a friend ;)
In a severe market crash cash loses less value. At least it appears that way to me. And cash includes very liquid money market funds
Also we are looking to relocate out of the US. To legally avoid US income taxes in that event we must not not have any US assets. So, we sold while the market was high. This lets us move quickly if we want.
We are fortunate to have enough that we do not need to make more.
We have no debt and no earned income. Neither Josef Stolen or the woke banks makes money from us.
In many respects, we have gone Galt.
“Why would you convert assets (which will grow with inflation) to cash which is being devalued?”
Many of us do not believe those assets will grow with inflation because they are overvalued now.