If long-term investing has you spooked, you can explore shorter-term options, like high-yield savings accounts, CDs and Treasury bills.
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In recent weeks, 44% of Americans in households making $125,000 or more say they’ve put more cash aside to cover future expenses. That’s according to the Conference Board’s May Consumer Confidence report.
But are they investing it?
“Keeping money in cash forever isn’t a plan,” says Rebecca Palmer, a certified financial planner in Washington, D.C., and head of guidance for financial planning platform Fruitful.
“It’s actually postponing a plan,” she says.
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