32 Ways to Earn Up to 9% on Your Money Now

Yields on many fixed-income investments have plunged, but turmoil in the bond market has created new opportunities.

(Image credit: Illustration by Leo Acadia)

In addition to taking a vast human toll, the coronavirus pandemic has mercilessly infected virtually every corner of the investment world. As markets plunged and seized up, the Federal Reserve dropped its short-term interest rate to zero and began injecting trillions of dollars into the financial system to shore up credit markets and keep money flowing to beleaguered companies, households and local governments. Yields on 10- and 30-year Treasuries plummeted to record lows, and yields briefly turned negative on some short-term T-bills.

In a dash for cash, even safe assets such as municipal bonds and high-grade corporate issues tumbled in value. Sellers who needed to raise cash—mutual fund managers facing fund redemptions, investors who suddenly needed funds to meet margin calls, heavily indebted hedge funds forced to unwind positions—sold assets willy-nilly, without regard to valuation, zeroing in on the investments that were liquid and easily disposed of.

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Contributing Writer, Kiplinger's Personal Finance

Andrew Tanzer is an editorial consultant and investment writer. After working as a journalist for 25 years at magazines that included Forbes and Kiplinger’s Personal Finance, he served as a senior research analyst and investment writer at a leading New York-based financial advisor. Andrew currently writes for several large hedge and mutual funds, private wealth advisors, and a major bank. He earned a BA in East Asian Studies from Wesleyan University, an MS in Journalism from the Columbia Graduate School of Journalism, and holds both CFA and CFP® designations.