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Reply to "I'm a poor who is about to receive an inheritance: please tell me what to do with it"
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[quote=Anonymous]How close is your child to needing funds for university? Right now interest rates in high yield savings accounts are high, and the stock market is low, so you’re probably safer just putting it in a high yield savings account, a CD, or I-bonds (ibonds have annual limits though.) In general for savings you want diversification. Leave some in cash, some in low risk investments (CDs, bonds) and the rest in an index fund like the s&p500. Look up financial samurai’s asset allocation by age - that should be helpful. [/quote]
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