Reported about 1 month ago
As the Federal Reserve prepares to lower interest rates, many cash-loving investors are remaining steadfast in money markets, which recently reached a record $6.24 trillion. Despite concerns that yields will fall from current levels above 5%, individual investors have shown little inclination to shift their funds into stocks or bonds, driven by uncertainty regarding market valuations and the upcoming presidential election. Wealth advisors are urging clients to reconsider their cash-heavy portfolios, highlighting the potential for better returns in other asset classes.
Source: YAHOO