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Americans are sitting on tons of cash — almost $20 trillion worth, to be exact, including $7 trillion in money market funds. Over the last few years, holding cash has paid off, with money market funds, certificates of deposit, and Treasury bills yielding substantial returns.
But now, as the Fed slashes rates again, those low-risk yields are starting to fall, and investors are starting to think about how to put their money to work in other opportunities.
How to deploy their cash “is the most frequent question we are asked by household investors and their advisors today,” Jared Woodard, head of the Research Investment Committee and head of ETF strategy at BofA Securities, told Business Insider.
So, where should your money go? There are plenty of flashy options right now. AI stocks. Gold. Bitcoin. But after a long run of stellar gains, are they still good investments?
We asked six market pros where they think the best places are to invest $10,000 right now.
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