Schroders global investment indicates that in the recent high interest rate environment, cash has become more attractive. Although it does have its advantages, there are also some disadvantages, therefore, other asset classes can complement cash reserves. While cash can play an important role in an investment portfolio for many investors, it is not necessarily a "low-risk" asset class on the surface. Investors seeking return can choose other asset classes to mitigate some of the downside risk of cash without taking on too much additional risk. Schroders global investment points out that in recent years, many investors have been attracted by the high interest rates offered by cash. Deposit rates in the United States and the United Kingdom have reached 5%, while in Europe it is 4%, which is a significant contrast to the near-zero rates for most of the past decade. Currently, cash not only provides investors with liquidity and a store of nominal value, but also offers positive real returns in the short term. With recent decreases in inflation, cash deposit rates are currently higher than inflation. This is not surprising, but it may be temporary. Central banks around the world have been waiting to lower interest rates after confirming that inflation is under control, and once confirmed, cash rates may follow the decline in inflation rates. For long-term investors, cash cannot provide stable or even predictable continuous returns, and cash rates may change over time. In contrast, bonds can lock in coupon rates for a longer period. For example, investment-grade corporate bonds currently offer coupon rates of around 5-6%, with an average maturity of nine years and a low default rate. This may be an attractive investment option for long-term investors who are not too concerned with short-term price fluctuations. In the long run, stocks outperform bonds, and bonds outperform cash, but short-term performance may differ. Past performance is not necessarily indicative of future performance, and may not be able to be replicated in the future. Stocks have higher volatility than bonds, and bonds have higher volatility than cash. However, long-term investors should be aware not to make instinctive reactions due to increased stock volatility. For investors seeking dividend income, they may not be too worried about temporary declines in stock prices. Companies are generally less likely to cut dividends, so as long as investors continue to receive dividend income, they may not directly feel the short-term weakness in company performance.