Three reasons to 'put capital preservation above greed'

Three reasons to 'put capital preservation above greed'

Jason Stather-Lodge, CEO of OCM Wealth Management, outlines three reasons why his firm has been hiking cash positions in the last month across its model portfolios.

Greece and debt repayment We have a busy week ahead with Greece, and unless someone capitulates, we see either another can being kicked down the road, a small Greek default, raiding pensions to pay off creditors, or a deal being struck. Either way, with the anti-tie wearing Syriza party driving the debate and playing Russian roulette with the EU, the situation will not just dissipate. We therefore expect issues to escalate as deadlines are again being crossed, and there are rumours of requests for delaying payments to the IMF and evidence, despite rhetoric to the contrary in Greece, t...