Advise on short term cash

[Arbippi]

After selling two properties I have $700k.  I plan to use all theses funds on a second home that I am looking to buy.  I have not located a home yet, but presumably will in the next 1-6 months.  Aside from a money market fund at Vanguard what option would you recommend to increase my yield?  Thanks

 

 

[Craigy]

Money market fund at Vanguard should be your best bet.

Short term investing over a max of six mos is more of a gamble than an investment.

[ENT Doc]

This isn't a 1031 exchange by any chance, is it?

[VagabondMD]

Ally savings account 1% yield.

[Arbippi]

No

[WallStreetPhysician]

Arbippi wrote:

After selling two properties I have $700k.  I plan to use all theses funds on a second home that I am looking to buy.  I have not located a home yet, but presumably will in the next 1-6 months.  Aside from a money market fund at Vanguard what option would you recommend to increase my yield?  Thanks

 

 

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If you are certain you will buy that second home, High-yield savings account. With that short of a time horizon, you can't invest that in the stock or even the bond market.  +1 on Ally Bank, their 1% savings rate even beats 6 month Treasuries (0.85%).