Hi --
I've just sold two homes (mine and the home I inherited from my parents), netting about $850K. I do not plan to buy another residence for 3-5 years, so I need to park the funds where they will sit quietly, neither growing aggressively (though that would be nice) nor at risk for significant loss.
The obvious answer is to split the funds into multiple high yield savings accounts (making 0.75-1.0%), in amounts small enough to be FDIC insured.
That's complicated.
Suppose I were to take the funds to Fidelity -- possibly topping up to be a bit over $1M. What would you suggest for investments?
(All of my other assets are at Vanguard. I'm planning to use this money to diversify away from Vanguard a bit.)
Thanks!
I've just sold two homes (mine and the home I inherited from my parents), netting about $850K. I do not plan to buy another residence for 3-5 years, so I need to park the funds where they will sit quietly, neither growing aggressively (though that would be nice) nor at risk for significant loss.
The obvious answer is to split the funds into multiple high yield savings accounts (making 0.75-1.0%), in amounts small enough to be FDIC insured.
That's complicated.
Suppose I were to take the funds to Fidelity -- possibly topping up to be a bit over $1M. What would you suggest for investments?
(All of my other assets are at Vanguard. I'm planning to use this money to diversify away from Vanguard a bit.)
Thanks!