Tag: INVESCO

"Cash is king," or so the saying goes. When markets crash, it is cash and cash-like assets that investors flee toward. While the most paranoid of savers may stash cash under their mattresses, the majority will hold them in federally insured options, such as high-yield savings accounts and certificates of deposit, or CDs.In a brokerage account, investors can keep their cash safe while earning a competitive yield by investing in money market funds. "Money market funds invest in very liquid, short-term securities with the objective of preserving your capital, while also providing income at prevailing market rates," says Nafis Smith, principal and head of taxable money markets at Vanguard.Compared to CDs, money market funds provide much greater flexibility. "What's wonderful about these funds...