With Higher Interest Rates, Is “Lazy Money” Still A Concern In 2024?
Walter Storholt • Feb 01, 2024
Is 'Lazy Money' still a concern in 2024's higher interest rate landscape? In this episode, we explore this question, examining how the recent rise in interest rates affects the money sitting in savings accounts, CDs, and conservative investments.
We'll discuss the new dynamics of managing your funds in a world where traditional saving methods are seeing better returns. Are these options now a viable part of a savvy investment strategy, or are there still better ways to make your money work harder for you?
Here’s some of what we cover in this episode:
- What would we consider ‘lazy money’?
- Why taking advantage of the rates now is a good thing but it still might not keep pace with inflation.
- The most common reasons why people keep too many conservative investments.
- How we help our clients through our advisory services when it comes to investing.
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We wanted to bring on someone who is as tapped into what’s happening in the economy as anyone we know. Matt Heimann, CFA, is the Director of Asset Management at CreativeOne Wealth and he has a deep analytical expertise in building asset allocations and populating investment models.
