Re: What to do with $12,000 in a Money Market fund...
Level 3


This website does indeed entertain investment discussion so you have come to the right place.


Your first consideration should be to maintain 6-12 months’ worth of ready cash in the form of a money market fund or bank savings account to cover a possible job loss and/or unexpected expenses.


Once you have that covered, great way to determine your best long-term investment strategy is to take a short asset allocation/risk tolerance test at the following link.


This test will determine your optimal mix of stocks, bonds, and cash reserves given your risk tolerance and temperament.


If you decide to implement the results, you will see Vanguard’s toll-free phone number on the Suggested Allocation page.


Of course. you also have the option of consulting a financial advisor. Your best bet may be an individual who holds a Certified Financial Planner (CFP) designation who charges a fee for advice rather than commissions for selling products.


Good luck,

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