2min chapter

The Compound and Friends cover image

12 Things Everyone Got Wrong About Inflation

The Compound and Friends

CHAPTER

The Importance of Holding 5% No Risk Treasuries

Mike Downey: Cash was beating everything as the market was careening lower. He says people who shifted some of their money into 5% no risk Treasuries were making a rational move. But if you're like, oh, I don't want the yield anymore, then you didn't get the 5% and you do not do that, he says. "I feel like just having a financial plan for the actual usage of the cash is really important"

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