Cash Investments Underperform in 2023

In 2023, many investors found themselves opting for what they believed was the safe bet – holding cash, specifically in high-yield savings accounts, money markets, and short-term treasuries. Unfortunately, that decision led to cash being the worst-performing investment in 2023. While some might have considered this strategy a way to mitigate the risk associated with a potential recession, it produced a significantly lower return than other investment options, thanks to both average performance and notable tax implications.

This article will dive deep into the performance of various investment options in 2023,

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