My sister had a bit of a windfall ($2M) and is in the market to buy her first house in CA. She lives in CA and I'm advising her to pay cash considering current interest rates. The money is currently sitting in a Fidelity Brokerage account in SPAXX, but is there a better alternative like FZDXX? or SGOV? Seems like SPAXX is also mostly federal government securities but since it might take her a little time to find something, I want to consider her tax situation since CA has relatively high state tax. And I'm not sure if chasing a few basis points is worth the trouble or not.
Thoughts?
Thoughts?
Statistics: Posted by Middle — Thu May 09, 2024 6:06 pm — Replies 5 — Views 507