MINT: A Conservative Way to Stash Cash

Investors are often conditioned to believe that cash is king, or that it is at least a good idea to keep some of your assets in cash to preserve your portfolio’s liquidity. After all, emergencies and unforeseen expenses happen. While this all makes sense, most cash investments offer meager rates of return. To get a decent yield on a traditional bank certificate of deposit (CD), you have to lock-up your money for four or five years. Then inflation becomes a concern. U.S. Treasuries have historically been a safe and popular alternative for cash holdings. However, yields on these investments have plunged…