J.​P. Morgan Wealth Management writes on "Where to invest cash to boost its yield." They tell us, "The phrase '​cash is king' has some merit, and having a healthy balance in your checking or savings account and maintaining an emergency fund is sound financial advice. That said, building long-​term wealth may depend on utilizing a range of investment options with more potential to grow than relying solely on money kept in a traditional savings account. If you have excess cash in a checking or savings account, you may find yourself wondering how to invest the cash in a relatively risk averse way that would keep it relatively liquid while potentially growing your money faster than you could with a traditional savings account." JPM says, "There are a number of financial products that might pay attractive rates on your cash with little risk. Once you know the characteristics of these different options, it will be easier to make an informed choice about the most advantageous way for you to invest your excess cash in order to best meet your needs. Of note, the options this article covers are lower risk investment options that are relatively liquid. There are other investment options for cash -- like stocks -- but these options often come with more risk. If you have a longer time horizon or the ability or want to take on more risk, you may desire to consider some of the other investment options out there beyond what’​s covered below. If you need guidance on where to invest your cash, consider reaching out to a J.​P. Morgan advisor to create a personalized strategy today." The piece mentions: High-​yield savings account, Bank CDs, Brokered CDs, Treasuries, Money market funds and Short-​term bond funds. It adds, "​While cash may not offer the highest growth potential for long-​term wealth accumulation, it can serve as a stable foundation in your investment portfolio. To enhance the returns on the excess cash you hold, consider exploring higher-​yield options such as money market funds or CDs, or seek out other products that align with your risk tolerance and investment timeline."

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