I am old enough to remember the last time you could earn more than 5% interest on your cash. Prior to the Great Recession, instruments such as CDs, money-market funds, and Treasury bills actually yielded returns above zero. That was more than 14 years ago–a significant span of time for investors to forget the sensation of earning meaningful returns on their deposits. Many of my clients had not even completed high school at that time. This ages me but also highlights the fact that a significant number of adults have no personal experience living through a time when interest rates earn you anything…
