We live in an age of amazing technological promise. One where machines and software programs are developing at an astonishing rate, and where the possibility of encountering real-life robots - like the fantasy versions from 1970’s TV shows and film, such as B-9 from “Lost in Space” or C3PO from “Star Wars” - doesn’t seem so other-worldly anymore. Today companies as different as Google, General Motors and Tesla are vying to develop self-driving cars, and Virtually Reality, or “VR” for short, is for Real. With self-driving cars literally just around the corner, perhaps it is time to consider the question: are you ready to hand over the keys to your car and trust your life to an Uber machine?
The Federal Reserve has now held short-term interest rates at close to zero for over six full years. Six years – that is 2,190 days, and counting! It is no wonder that finding a reasonably safe way to earn a return on cash has become one of the biggest questions on investors’ minds.
In fact, some of the most frequent questions I field these days are about this topic:
- What should I do with my cash?
- Do you think interest rates are going to go up soon?
- Why hold any cash at all in my portfolio?