There's this fellow I know who owns his own business (and apparently is doing quite well). He maxes out his tax-advantaged account(s) and puts a bunch of money into an S&P ETF. However, it seems he has about $1M floating around in a fund or two that exist mainly just to hold money. He makes very little interest in these funds. He'd like to put about $400K into
a fund that could earn him about 2% (or a bit more). Safety (as in let's not try to lose principal) is a concern. Any ideas?
a fund that could earn him about 2% (or a bit more). Safety (as in let's not try to lose principal) is a concern. Any ideas?