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Podcast: Money Life with Chuck Jaffe
Episode: Cash is 'the only asset class' that can generate any kind positive return now
Description: David Goerz, chief executive officer at Strategic Frontier Management, says that some well-known blue-chip companies are trading at single-digit price-earnings ratios lower than in the last two decades, creating opportunities for investors, but we are in an environment where investors could sell stocks and buy bonds expecting a better return, and the only asset class that he thinks can generate a positive return is cash. Goerz defends holding more cash right now despite an inflation rate that ultimately gives cash investments a negative real return, noting that losing a little ground to inflation is still a better outcome than...