Miriam Gottfried
speaker
79 appearances
2 recordings
1 series
first heard Aug 2025
last heard 14 Aug
Miriam Gottfried’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.
Appearances
Mm-hmm.
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If you're a wealth manager, you wanna be giving your clients advice.
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You wanna be proving that you're worth something.
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And if you're just saying, keep your money in cash, that's not really very sophisticated advice.
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Well, after years of having interest rates near zero, the Fed decided to raise rates and they did it very rapidly throughout the course of twenty twenty two.
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So all of a sudden you could get a really high yield, which means a really high interest rate on your cash in a money market fund.
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it rose as high as over five percent.
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And if you could just put your cash in a fund where you're guaranteed a five percent return, that's pretty attractive to people.
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You mostly can't get a guaranteed return of that size.
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Some of them don't charge fees on money market funds.
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It's also a problem in the sense that if you're a wealth manager, you want to be giving your clients advice.
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You want to be proving that you're worth something.
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And if you're just saying, keep your money in cash, that's not really very sophisticated advice.
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And so what are they trying to get clients to do instead?
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They're trying to find alternatives to cash that offer a relatively low.
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Low risk stream of income.
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And right now there are some.
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Corporate bonds, for example, have pretty high yields because there's been a flood of issuance of new bonds.
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Another option might be municipal bonds, which have a decent yield as well.
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Well, in some ways you're taking more of a risk by doing those investments, and you are also
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