After years of yielding close to zero, cash is an attractive asset class again. And investors have taken notice, with over $5 trillion sitting in money market funds—the highest amount ever. And while we think holding some cash can be part of a smart investment strategy, most investors, at this point, probably have more cash than they should. And believe it or not, there are risks to sitting in cash. In this edition of the LPL Street View, Fixed Income Strategist Lawrence Gillum explains why cash is a viable asset class again, but investors need to be aware of the risks.
Cash is Back, but Beware of the Risks | LPL Street View
April 14, 2023