Nov
01
Is being in bonds the same as being in cash? Plus more?
By
switchover asked:
Today I read this quote…
Today I read this quote…
“The rally in bonds at this point looks a little bit overdone,” said Tom Higgins, chief economist at Payden & Rygel Investment Management in Los Angeles. “If you’re going to park money temporarily then cash I think is the way to be but I think that we’re going to form a bottom.”
I’d like to know if being in a bond fund is the same as being “in cash”?
If not, please advise, what vehicles are available for 401K and IRA account investors to “be in cash”?
Thank you.
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