“Today, there is good reason to believe that Fed Chairman Powell may start to raise interest rates in late 2023 or beyond”–Paul Ebeling.
The Fed may or may not begin to taper the $120-B/month purchase of bonds in November and wrap up the buying by the end of Y 2022. But Shayne and I believe that the rate lift-off may not begin sometime in Y 2024.
What that means for income investors is: Treasury and corporate bonds pay nothing, and bank CDs continue to offer very low interest rates. The highest yielding 5-yr CD we could find pays a meager 1.1%, and there are big penalties for cashing in early.
So, the answer is stocks and crypto currencies.
Have a prosperous day, Keep the Faith!