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Let’s Talk About Cash…
['Barry Ritholtz', 'Marilyn Monroe']
The Big Picture
An interesting article about investors carrying too much cash was in today’s Wall Street Journal.
The anecdote the WSJ starts with is a 75-year-old retiree with 85% equity and 15% money market.
It asks, “Why not own some bonds instead of the money market?”
SNAXX is a favorite Money Market yielding 3.65%.
Good Planning : For a 65-year-old+ investor, keeping a modest pile of cash is not the worst thing they can do.