money-market fund

You can still earn 4% in a money-market fund.

Think of it as turning the investment ownership rights — for example, shares in a money-market fund or a slice of a private-equity vehicle — into a digital token that lives on a blockchain.

But when the Fed drives interest rates back down — that could happen soon if there’s a recession, or many months from now, if inflation is persistent — money-market fund rates will drop, too, and I’ll reduce my holdings in them.

In short, if you are a money-market fund investor, rising interest rates can be delightful.

Keep it in a money-market fund paying 5 percent for a year and you will receive $500.