Cash and Cash Equivalents asset class
Table of Contents
Cash and cash equivalents or money market instruments: https://www.investopedia.com/terms/c/cashequivalents.asp
- Cash and cash equivalents represent actual cash on hand and securities that are similar to cash.
- This type of investment is considered very low risk since there is little to no chance of losing your money.
- That peace of mind means the returns are also lower than other asset classes.
- Examples of cash and cash equivalents include cash parked in a savings account as well as U.S. government Treasury bills (T-bills), guaranteed investment certificates (GICs), and money market funds.
- Generally, the greater the risk of losing money, the greater the prospective return.