Great movie and I remember that scene well. Back on topic... IF it were me, I'd probably stick with a 50:50 equity/bond mix (as some others have already mentioned). And, I'd probably go all at once on the bond allocation and I'd DCA the equity portion (although, I've read that, statistically, one is better off going in all at once on equity). I'm in a similar boat - I have several large CDs maturing in the near future and I need to allocate the proceeds soon. Defining your Asset Allocation is, in my view, critically important (especially when allocating a large cash infusion all at once).retired@50 wrote: ↑Fri Nov 29, 2019 2:13 pmThis reminds me of a line Richard Dreyfus used in the movie "Tin Men". It was about aluminum siding salesmen in the 1950s who were very image conscious, so they all drove Cadillac automobiles.
Dreyfus is at the car dealer, and asks how much the car is... then the dealer says "What do you want to pay for the car?".
Dreyfus says "A dollar and a half"
Figuring out a good price for the Vanguard 500 Index could be equally challenging... Somewhere between a dollar and a half, and it's current market price... Best of luck to you...
I don't know that there's any better way to hold insured cash than what you're already doing. I keep getting notices that the rate is now sub 2%... it's atrocious and regularly makes me rethink my cash holdings.