Investors have parked record piles of cash on the market’s sidelines amid concerns about high valuations and volatility. But short-term safety comes at a price. By clearly defining long-term goals, investors can put idle cash to work with confidence, despite uncertainty about the path to recovery. When markets crashed in early 2020, many investors liquidated holdings to cash. Yet during the subsequent rebound, relatively little cash was put back in the market. Net flows to worldwide money-market funds exceeded $978 billion in 2020, the highest in over a decade, outpacing flows to stock and bond funds, according to ... (full story)