Bridgewater Associates boss Ray Dalio also cautioned against holding cash, saying it will be eroded by inflation.

Some observers worried the unprecedented volumes of cash could spell trouble for markets. "This is far more important than people realize," said Guy Adami.

The US Coin Task Force discovered that of the roughly $48.5 billion of metal currency in circulation, much is "sitting dormant" in households.

The bank has been "stockpiling more and more cash" to prepare for opportunities to invest at higher rates, Dimon said.

Investors worldwide have grown more optimistic in their outlook for stocks, according to a sentiment survey by UBS Global Wealth Management.

"If central banks want to stay relevant as cash becomes less relevant, they might have to consider entering the world of digital money," Donovan said.

Inflation risks and central banks signalling rates are on hold will eat into cash returns, says UBS. The firm says investors should consider sovereign debt outside of the US in their search for yield. There’s an “excess” in cash being held by private investors, UBS argues. Visit the Business section […]

Liquid assets are assets that can be converted to cash quickly and, by extension, are highly marketable. The most liquid assets have a broad pool of buyers and trade on major exchanges: Think shares of major US corporations and bonds issued by the US government. The least liquid assets are […]

Liquidity refers to how much cash is readily available, or how quickly something can be converted to cash. Market liquidity applies to how easy it is to sell an investment – how big and constant a market there is for it. Accounting liquidity refers to the amount of ready money […]

Members of investor network Tiger 21 are at record cash levels,CNBC reports, citing a survey of millionaire investors. The “massive” shift to cash came in the third quarter, Tiger 21 said, and has held so far throughout the fourth quarter. Overall, the survey of 842 investors found 50% saying the […]

Sixty-three per cent of investors and business owners in the US surveyed by UBS have changed their portfolios ahead of the US election. Increasing cash was the most common portfolio adjustment, and many investors say they will continue to increase their cash holdings following the election. UBS also surveyed investors […]

JPMorgan adviser Colleen O’Callaghan told CNBC’s “Trading Nation” Thursday that she is telling her clients to reduce their exposure to equities and hold more cash due to the fiscal stimulus gridlock in Washington. O’Callaghan, who advises high-net worth customers said: “We really need to see that stimulus package. If we […]

Legendary investor Ray Dalio told CNBC on Wednesday that Trump’s halting of stimulus talks will be a “significant negative” for the economy. The absence of what could have been nearly $US2 trillion of stimulus will cause “a lot of stress” on “those who are not going to get the money,” […]

Billionaire Barry Diller told CNBC on Tuesday the market is being driven by “great speculation,” and investors should save “every nickel” they have. The media mogul and chairman of IAC also reflected on the fact that the economic crisis caused by the pandemic allowed IAC to make a “significant” $US1 […]

BlackRock’s Rick Rieder told Bloomberg on Friday that the stock market’s sell-off Thursday was a “healthy” recalibration. He said the volume and price of call options leading up to the sell-off was “bizarre,” and the amount of froth in the market was more than he had seen in most of […]

Warren Buffett’s Berkshire Hathaway has Apple shares and cash worth 52% of its entire market capitalisation. The billionaire investor’s company owned $US113 billion in Apple stock and $US147 billion in cash at the last count, representing more than half of its $US499 billion market cap. Berkshire’s market value suggests the […]

Robert Doll, Nuveen chief equity strategist, told Bloomberg that investors who have cash right now have to “step up and put some in” the market. The strategist said there will be “bumps on the road” in the short term, but he doesn’t see a large downside ahead and thinks the […]