Governor Jerome H. Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on the relationship between regulation and economic growth. June 22, 2017. Photo courtesy of the Federal Reserve.
With the return on cash and money markets coming down, expect investors to look for ways to replace the juicy yields they’ve become accustomed to. Don’t blame the weatherman for the weather—invest for the safety you deserve. Understand that returns on cash will be lower but not terrible—at least not yet. But if the Fed gets its way and cuts down the forest of short-term rates, you want to be prepared.
Action Line: There are still yields you can sink your teeth into. Get your lazy cash off the couch and put it to work. The hard part is beating inertia and acting. When you’re ready to talk, let’s talk. But only if you’re serious. You can reach me at ejsmith@yoursurvivalguy.com.
Read the entire series here.
Originally posted on Your Survival Guy.
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