When It Comes to Cash Yields, Cash Is No Longer Trash

With rising interest rates, have we entered a new era of attractive yield on cash and cash equivalents?

A young man walks along the edge of a roof looking like his balance is precarious.
(Image credit: Getty Images)

In a famous 2018 interview, Ray Dalio, founder of hedge fund giant Bridgewater, coined the phrase “cash is trash.” What he was describing was an investing environment in which interest rates were so low that holding cash, cash equivalents and many types of bonds made little sense because of low interest rates.

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Brian Murphy
Market Strategist/Investment Manager, Frazier Investment Management

Brian Murphy is a Market Strategist and Investment Manager at Frazier Investment Management in Southern Rhode Island. Before joining the Frazier team, he served in the U.S. Navy for 11 years as a carrier jet pilot. Brian has experience managing several different strategies and products, including equity, fixed income, long/short portfolios and options. He believes that managing risk is the key to successful outcomes and works with clients nationwide to achieve their investing goals.