Today, I\u2019d like to address a financial misconception that\u2019s running rampant right now in the world of personal finance.
\nFinancial anxiety and economic uncertainty are spiking, and investors are speculating if we are in a recession, approaching a recession, or potentially avoiding a recession.
\nThis climate, and the overall general sentiment, have left many investors wanting to avoid risk assets like the plague. The beauty queen of the last 6 months or so has been the two-year treasury. I can\u2019t tell you how many times I\u2019ve heard investors tout that they\u2019re selling risk assets and buying a two-year treasury or how they\u2019re holding off on deploying new money into the stock market and buying a \u201ctwo-year\u201d until things \u201csettle.\u201d
\nNow, if you don\u2019t mind, I\u2019d like to explain why I think the two-year treasury is fool\u2019s gold. But, first, I need to provide some background on how I personally view the financial planning process.
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