The Era of No-Brainer 5% Returns on Cash Is Ending

It’s getting more complicated to hold cash.

Certificates of deposit, money-market funds and various other cashlike investments have offered healthy returns, in many cases over 5%, since the Federal Reserve started lifting interest rates two years ago.

But with the central bank now considering cutting rates, some cashlike investments are staying strong while others have begun to decline in yield.

Ashlea Jones, a financial adviser at Kansas-based Prime Capital Investment Advisors, said a few of her clients recently moved money back into the stock market after their CDs matured.

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