This week’s theme on the Retirement Quick Tips Podcast is: 2023 So far…I’m recapping what happened in the economy and markets in the first quarter of 2023 and looking ahead to the rest of the year

Yesterday I talked about the bad news, which is likely a year of slow or no growth in your investment portfolio, which is especially challenging coming off a year in 2022 when most of you listening experienced double digit losses in your investment portfolio.

So, what’s the good news? The rapid rise in interest rates has provided the first great investment opportunity for fixed income investors in 15 years. Short-term money market funds and CDs are currently paying 4.5% - 5%, and investors are finally being rewarded with higher yields after a very long period of low interest rates. We have been recommending money market funds and short-term CDs to clients with idle cash and keeping maturities short to intermediate for bond investors. This has allowed us to take advantage of higher yields without the duration risk of owning longer-term bonds.

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.  

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance