Updated 8/7/20 – The Street article has been updated with a video interview with me.
Unsurprisingly, the Coronavirus and subsequent threat of a global recession spooked investors this year. Even though the market has come back from the lows in March, there is still a record amount of cash on the sidelines as investors sold their positions.
“The flood into money markets pushed the sector’s assets to the highest on record, peaking at $4.672 trillion during the week of May 13, according to Refinitiv Lipper, and even recent net outflows have left more than 90% of that increase intact.”
So, if you were one of those people that sold out of their portfolio only to watch the market come roaring back, what do you do now? I went over your options in my latest post at The Street.