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Reply to "How to invest a bunch of cash?"
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[quote=Anonymous][list]I manage the money for my parent and they have a bunch of cash they will not need in the next five years. I have put some into a bank savings account. More will come. Once I have all the money together, I want to set up a smart place to put a percentage of it. [/list] [list]The money is in a trust, so I have to keep that in mind if/when setting up any new accounts. [/list] [list]We do have a financial advisor, but I can't place the money with them because those accounts are not in the trust. After doing research on the topic, I'm not sure it's wise to put beneficiary-guided accounts into a trust after doing research on the topic.[/list] [list]I worry that money markets and CDs may not keep up with inflation.[/list] Is the best course of action to research CDs and money markets to see what offers the most return? [/quote]
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