Can’t agree more! I have already move all of my 401k to money market funds as I have been impressed by the increase in yield I have been seeing. While the others have short term risks, money markets may be best for the upcoming market until more is developed on the others like crypto for sure. We cannot expect those learning about the opportunity to move over so quickly as they need to do their own research first as well.
I had been thinking bonds, but then I saw how over-valued that market is too, so the super conservative money market is probably best for now. People are really resistant to it, because it seems too conservative, but in times like these.
Yeah, I think that's why nagging is necessary. Really you're nagging to try to get them to make the time to do the boring work of researching this stuff for themselves, so that they can make their own decision. They shouldn't just do what you say, but they don't really want to do the research to be able to listen to their own informed guidance. So I call, and I write, and I remind, again and again, trying to get them to make the time and effort to take on something they'd rather not have to think about. And that they may feel incompetent to decide or even learn.
The more we teach them, the more confident they feel that they can learn this so that the research will be useful for them.
Bonds have the potential to be destroyed by inflation unless considering TIPS in the US so I have stayed away... Its truly a tough market to perserve capital because of valuations and the risk to the value of even the US Dollar! All we can do is comment and talk about it for others to get additional perspectives to consider!