Should Investors Be Stashing Cash for 2023?
After both stocks and bonds took a beating in 2022, investors may be wondering if cash is the best asset to hold in 2023.
Holding cash has certainly become more appealing lately. After a series of extra-large rate hikes, the federal funds rate is the highest it's been in 15 years, and the Fed plans to further raise interest rates in 2023. That translates to some attractive yields on cold hard cash. Some banks are paying over 4% on a savings account.
Despite the attractive yields available for a simple savings account, there are very few reasons holding cash makes sense for most investors.
Source Fool.com
