Money-market bonanza is over – so is now the time for stocks?

(Image: Getty)

Fri, 26 Jan 2024

By Imani MoiseOne of the easiest, safest investments last year is losing its lustre. And there really isn’t an easy answer for what to do now.For much of 2023, the boring money-market fund became one of the hottest investments on Wall Street. These often-default funds, where investors park their money before they decide what to actually do with it, were returning well over 5%. By the end of the third quarter, investors had more than US$8.8 trillion (NZ$14.3t) in money-market funds and certificates of deposit (CDs).Lately, returns hav...

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