Hi. Helping aged Family Members place proceeds from a home sale…the sale is closing late this week. I need a temporary home for their $. They use Charles Schwab (I would stay with them on this transaction if possible).
Charles Schwab is offering a purchased money market fund. It’s dollar for dollar, completely accessible and currently yields 5.13% (no fees).
That sounds like a very good/reasonable place to park the $ until they determine. Any thoughts on this please? I do not have a ticker symbol.
My involvement at this time is to help them through the sale of their home, not engage per se on their total portfolio (yet). Need a home to park the proceeds. Thanks!
Charles Schwab is offering a purchased money market fund. It’s dollar for dollar, completely accessible and currently yields 5.13% (no fees).
That sounds like a very good/reasonable place to park the $ until they determine. Any thoughts on this please? I do not have a ticker symbol.
My involvement at this time is to help them through the sale of their home, not engage per se on their total portfolio (yet). Need a home to park the proceeds. Thanks!
Statistics: Posted by investment guy — Tue Sep 17, 2024 4:57 pm — Replies 1 — Views 116