April 10, 2014
WHICH IS WHY SCHOOLS SHOULD TEACH PERSONAL FINANCE INSTEAD OF ECONOMICS:
Young investors are hoarding cash (Ryan Derousseau, April 9, 2014, CNN Money)
According to investment adviser UBS, people in their early to mid-thirties with at least $100,000 to invest keep 42% of their money in cash. [...]For young investors, though, these numbers put that risk in perspective: Over periods of 30 years, stocks have never lost money and outperformed cash-like short-term Treasuries by an annualized average of 7 percentage points.
Posted by Orrin Judd at April 10, 2014 5:17 AM
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