business 💰 Cash management isn't one-size-fits-all
An article in the Wall Street Journal discussed the issue of investors holding too much cash, offering a broader perspective on the topic. The piece examines different investor needs, contrasting young folks with retirees, and touches upon market history from the mid-1990s. It compares money market funds versus bond funds, highlighting the trade-offs between yield and risk for different goals. Ultimately, the author suggests prioritizing peace of mind and joy over squeezing every last basis point of return. 🧘