Where to move your money with rates poised to fall
Published On Sep 13, 2024, 5:00 AM
The article discusses strategies for reallocating investments in anticipation of falling interest rates due to an upcoming Federal Reserve rate cut. It suggests that with high-yield savings accounts and CDs likely to decrease in rate offers post-cut, investors should consider converting cash into long-term bonds to lock in higher yields. The article highlights the benefit of bond purchases at current rates before they decline further, encouraging a mix of bond and cash investments and advocating for a bond ladder for predictable income. It cautions against hasty moves and emphasizes the safety of cash holdings.