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With a 5% return on cash, why would anyone want to invest in stocks? I know that cash feels good because its nominal value is stable it feels safe, but it is counterintuitively extremely risky for longterm investors.

Referenced in this video:
Reaching for Yield: Evidence from Households https://papers.ssrn.com/sol3/papers.c...
CRASH BELIEFS FROM INVESTOR SURVEYS https://www.nber.org/system/files/wor...
Who Should Buy LongTerm Bonds? https://www.aeaweb.org/articles?id=10...
Portfolios for LongTerm Investors https://academic.oup.com/rof/article/...
Presidential Address: Discount Rates https://onlinelibrary.wiley.com/doi/1...
LongHorizon Losses in Stocks, Bonds, and Bills https://papers.ssrn.com/sol3/papers.c...
“Buy the Dip” https://www.pwlcapital.com/resources/...


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