Diversification 'the name of the game' for investors amid inflation
10/13/2023 22:33
Inflation and higher for longer interest rates are placing a great deal of uncertainty on markets and investor sentiment. Edward Jones CEO Penny Pennington joins Yahoo Finance Live to discuss what areas the company is advising clients to invest in. "Our clients are getting rewarded for risk-off right now, for being in cash, for having CDs, for having money market mutual funds," Pennington says. "However, with inflation rates still at 4%, a 5% rate on cash will not get you to your goals over the long term." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Inflation and higher for longer interest rates are placing a great deal of uncertainty on markets and investor sentiment. Edward Jones CEO Penny Pennington joins Yahoo Finance Live to discuss what areas the company is advising clients to invest in.
"Our clients are getting rewarded for risk-off right now, for being in cash, for having CDs, for having money market mutual funds," Pennington says. "However, with inflation rates still at 4%, a 5% rate on cash will not get you to your goals over the long term."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.