The Best Places To Stash Your Cash During Turbulent Times!

More investors are taking refuge in cash-alternative mutual funds and short-term bond exchange-traded funds because the stock market is so volatile and the Federal Reserve keeps raising interest rates. Refinitiv Lipper says that up until the middle of March, a net $96.8 billion went into money market funds. This is the most money that has gone into money market funds in the first 212 months of a calendar year since 2008. In February, $10 billion came into short-term U.S. Treasury bond funds, which was the third-largest amount ever. On the other hand, about $22 billion has left stock mutual funds and exchange-traded funds so far this year. With an estimated net inflow of $34 billion through mid-March, the Schwab Value Advantage Money fund has made the most money so far in 2023 compared to its peers. The fund has an expense ratio of 0.34% and a seven-day yield of 4.50%.