Millennials Are Hoarding Cash. That Could Hurt Them In The Long Run.

Jimmy Simpson for BICash, the ultimate safety asset in the world of investing, is suddenly the hottest trade on Wall Street.Even with the S&P 500 up by 22% this year, Americans have poured more than $230 billion into money markets: funds holding cash and short-term debt. Typically, cash is reserved for investors who want protection in times of turbulence — the proverbial stashing of money under the mattress.

BING NEWS:
  • Millennials are hoarding cash. That could hurt them in the long run.
    Millennials are holding onto a lot of cash instead of investing that money in the stock market. That is going to hurt them in the long run.
    10/23/2024 - 10:22 pm | View Link
  • Stop Hoarding Rewards: Inflation Is Coming for Your Credit Card Points
    Some rewards credit cards give you a limited time to redeem points. If you don't use them within a certain period, you lose them. Rewards cards issuers may wipe out your rewards if you cancel your ...
    10/10/2024 - 2:55 am | View Link
  • Millennials: It Might be Time to Break Up with Cash
    Consider increasing the allocation more toward stocks, which are more aggressive than bonds and cash, and thus, over the long term can better help you achieve your goals. Conversely, if your ...
    12/17/2018 - 11:00 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News