“Over the past two months, households have understandably wanted to boost their cash holdings to wait out the unprecedented volatility of the first quarter and the fear of lost wages.”
“But while holding cash can be reassuring for households needing to meet short-term obligations, it can be detrimental to investment portfolios when it isn’t earning anything. And with interest rates now near zero, savers are again being penalized.”
Carleton English, “The Coronavirus Crisis Is a Reason to Save. Here’s Where Investors Can Put Their Cash,” Barron’s, May 8, 2020
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