By Julia Guth Americans are saving more. We’re holding more cash and moving to safer assets, like bonds and gold. But here’s why you should avoid bond funds – and do this instead. We’re going to look at both types of bonds: investment-grade and junk bonds.
From Baltimore – Thanks to the coronavirus crisis, Americans are saving more than they have at any time since 1981. The U.S. Bureau of Economic Analysis reported last week that the savings rate surged to 13.1% in March, up from 9% in February. Collectively, we’re now holding more than $2.2 trillion in savings.
That would seem to be a …read more
