Hi Toof, A 2x leveraged fund like SMHB would definitely not qualify in the "cash" category. The ETFs that I use have a lower dividend and are more stable: BOE, EAD, PFF, JNK and HYZD. Of these I think only HYZD took a small hit in March and never recovered. They earn a modest dividend of around 5%.
If I were the other side of the pond I'd probably opt for something like this as the 'cash' element. A 50/50 cash/Permanent Portfolio combination. Nowadays we're pretty much well blocked from buying US ETF's/funds thanks to the European Union (a fraudulent name IMO - yes its Europe based, but far from representative of Europe as a whole (UK alone has a population that is larger than the combined population of 15 EU member states)) and its pathetic rules (that also annoyingly has nearly every web page requiring a 'accept cookies' button). Glad that we'll soon be outside of that (come January). The current UK plan is to absorb EU FATCA type rules at day 1, but I can see rapid divergence if the EU starts blocking UK financials - which I anticipate it will. A 15% smaller EU economy this year (Covid), another 15% next year (after UK leaves), and it will be seeking to stamp some degree of authority recognition anywhere it can. 75% of Russians live within Europe, so maybe it might turn in that direction to welcome Putin in LOL! He opines it is like the former USSR - but even worse.
News 
Market Data 
Discover 
