Today, I’d like to address a financial misconception that’s running rampant right now in the world of personal finance.

Financial anxiety and economic uncertainty are spiking, and investors are speculating if we are in a recession, approaching a recession, or potentially avoiding a recession.

This climate, and the overall general sentiment, have left many investors wanting to avoid risk assets like the plague. The beauty queen of the last 6 months or so has been the two-year treasury. I can’t tell you how many times I’ve heard investors tout that they’re selling risk assets and buying a two-year treasury or how they’re holding off on deploying new money into the stock market and buying a “two-year” until things “settle.”

Now, if you don’t mind, I’d like to explain why I think the two-year treasury is fool’s gold. But, first, I need to provide some background on how I personally view the financial planning process.

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