Have a bunch of cash sitting around. Where would you folks put it?

Not a sock, so let's assume its $2 and I will want to access $1 this year for other investment obligations, vacations and home projects and the other $1 can be invested long-term.

Where you put this cash outside of some amount ($1) in money markets? Looking for stable growth vs. an overall aggressive investment approach as I have other accounts with that target profile.

If you still want it pretty liquid, go find yourself a high yield savings account, so at least that way it is not sitting stagnant. There are a handful now up to ~5% APR which is better than sitting in a sock drawer.

Already doing that for the liquid amount

I, personally, think you sink it into RSP...the equal weighted S&P etf...normally would say SPY, but I think the market weight S&P with mega cap will come off some in relation to RSP...but that's just me...stay in the market...it compounds nicely over decades...but I'm most likely getting a bit heavier cash around the election if we continue to melt up over the next 9 months...

EDIT - actually, I would go 50% RSP and 50% IWM...small caps should recover more this year until the election

I assume you are looking for something other than S&P or total market funds/ETFs.

If so, I would try to play something that will do good in declining interest rate environment and has some protection against a recession.

My bet would be an apartment REiT. They are trading at a relatively high discounts to NAV, pay ok dividends and everyone keeps saying we have a housing shortage.

While we have a large supply of new construction right now, the pipeline has been shut off, so 2-3 years the shortage should be real.

Keep it simple. Put half in a High Yield Savings account for the short term, which it sounds like youre already doing. Put the other half in an S&P or Total Stock market fund like SPY or VTI, for the long term.

cab559 said:

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Have a bunch of cash sitting around. Where would you folks put it?

Not a sock, so let's assume its $2 and I will want to access $1 this year for other investment obligations, vacations and home projects and the other $1 can be invested long-term.

Where you put this cash outside of some amount ($1) in money markets? Looking for stable growth vs. an overall aggressive investment approach as I have other accounts with that target profile.

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Pretty sure we'd all like to have something that is stable and grows over time. But that, in general, suggests a pretty low beta stock portfolio, or fixed income. Some good advice from other posters already, but look at a chart of the S&P 500 over time. It provides a decent return over the long term, but is anything but stable.

You might want to consider a portfolio or ETF focused on consumer staples. They'll probably give you a little more of the stability that you want, and decent (but not spectacular) growth.

Stable, dividend producing(and growing) stocks that pay you.

It's simple: Your money should be working for you.