Savers have been punished for years with low-interest rates that forced anyone looking to put their lazy cash to work to put into areas of the market they may normally avoid. Now, rates are high enough that you can happily find a place for your money that fits your goals without sacrificing on income.
In February of 2022, you read on Your Survival Guy that “Yes, Money Can Buy You Happiness.” I wrote:
Yes, money can buy you happiness. How? By working for it. Not wishing and hoping the market does it for you. Your most productive asset is yourself. Think about the market as a way to keep what you’ve made. You work too hard for your money to lose it. And when you consider how important your money is to your family’s freedom, you can’t afford to take risks.
Listen, I’m the weatherman, not the weather. When T-Bills blow around like dust bunnies on a wood floor, you need to invest accordingly. Who else do you know that’s writing to you about this? You know I’m Your Survival Guy, not someone else’s. I want you to realize the success you deserve. The first step is realizing this is a scorched earth interest rate environment.
In that post, I showed you 3-month t-bill yields from 2018 and 1980. In 2022, there wasn’t much yield at the end of the rainbow. Here are those charts again updated to today. You can see that yields have come back to levels not seen in some time.
Action Line: If you need help building a retirement plan in today’s interest-rate environment, I would love to talk with you. Until then, stick with me by clicking here to sign up for my free monthly Survive & Thrive letter.
E.J. Smith - Your Survival Guy
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