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Old 09-15-2005, 11:38 PM
colgin colgin is offline
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Join Date: Jun 2003
Posts: 311
Default Re: So what do you do with large sums of money?

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I have a lot of money sitting in my checking account. I don't plan on putting it into stocks. I don't need it for 2+ years. What should I do?

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If you don't wqant to put it into stocks you might want to put them in 3-6 month Treasury Bills and roll them over every 3-6 months.

Interest rates are most likely going higher and there is very little premium for tying your money up longer. Plus if your state has state abd loca taxes your interest income will be exempt from those taxes making the likely yield much better than you will get in any savings or money market fund.
You can buy direct from the Treasury at www.treasurydirect.gov I believe.
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