There has been a lot of discussion on this thread over the past two days. Appreciate all of the thoughts. Here is where I am on this topic:
1.I immediately want to get the money into a “high yield” interest savings account or money market account with no maintenance fees. Best I have seen is something like 1.05% from GE capital. I'll also move some money I have idle in an investment account there so it is put to work while I do some DCA investment of those funds.
2.Long term, I'm looking for maximum flexibility with some amount of cash. Probably a couple months worth so that will stay in cash for sure.
3.Leveraging a HELOC is a nice idea, but not an option for me.
For the remainder if what is currently cash I will investigate the following options while the money is in the high yield savings account:
a.DCA into current investment portfolio. Seems like a straightforward option.
b.Better utilize negotiations for cash payment. Like the idea for big ticket items.
c.Learn a bit about puts, options and covered calls. Currently know nothing about this topic, but knowledge is power.
d.Long term CD w/ low withdrawal penalties.
This discussion is all very helpful and like many things, there is never one “right answer”. Further comments welcome.