Call it a recession hangover. Investors appear to be too scared to get back into the stock marketor even the bond market.
“You have to go back to the Great Depression to see something like this,” says Duncan.
Unfortunately, cash is earning nothing in the bank because of historically low interest rates. Those who kept their money in cash lost big. Not only did the stock market perform well in recent years, but the bond market also soared. Vanguard’s Total Bond Market Index Fund (BND) was 9% last year.
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