'Long term, you want to have a mix of assets,' BobPisani breaks down ways your money will age better than just sitting in your mattress.
have an average interest rate of 0.1 percent, while high-yielding online savings accounts are offering rates as high as 2.25 percent, according to Bankrate.com.
Bank CDs, money market deposit accounts and savings accounts are subject to protection from the FDIC of up to $250,000 per depositor per insured bank for each account., which have been enjoying higher yields in recent months, aren't protected by the FDIC. See below for a chart of yields over the last 10 years.
Some risk-averse clients are also shoring up their cash by hoarding the dividend payments they've received from their stocks instead of reinvesting the money back into the market, said James A. Cox, managing partner of Harris Financial Group in Richmond, Virginia.Resist the urge to compare today's market volatility to the broad downturn that kicked off a decade ago.
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