Americans prefer cash for long-term goals

Survey: Stocks still spook many shaken investors

10:20 PM, Aug. 2, 2013
  • Filed Under

Ask the average person for the best investment for a long-term goal, and you'll get an answer that will stupefy a financial planner: cash.

Cash was king for long-term investment goals, according to a survey by Bankrate.com - despite the fact that the average money market mutual fund yields 0.01 percent, and the average five-year bank CD yields 0.78 percent.

More than a quarter - 26 percent - of those asked said they favor cash as the best long-term investment, the Bankrate.com survey said. Other favorites: real estate, 23 percent; gold, 16 percent; and bonds, 8 percent. Just 14 percent chose ...

What's your take on the Packers Family Night change?

Retrieving results.
Watching practice is fine.(Your vote)
15%
579 votes
I'd rather watch a scrimmage.(Your vote)
23%
862 votes
I don't want to pay to watch practice.(Your vote)
27%
1020 votes
It doesn't matter to me.(Your vote)
34%
1277 votes

Catch up on the latest in our pregame show every game day.

Football fans

If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports

ORDER YOURS

Football fans

If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports