But it is not just money managers that are
hanging onto cash.
Unlike many investors, I don't mind if intelligent managements
hang onto cash.
Another reason might be if you want to
hang onto some cash for improvements before you move in and can afford a higher monthly payment.
Not exact matches
So you could end up with a lower payment while
hanging onto precious
cash when choosing USDA over FHA.
At a point where I get more
cash than I want to
hang onto at the moment then it gets moved into a long term investment with the intention of holding for decades.
In each of these cases, we had the
cash but wanted to
hang onto it.
You don't want to find yourself in a different stage of life (married, kids, job relocation, etc) and have to
hang onto something that
cash flows negatively.