Not sure this is the right board but I know there are a lot of bright folks who respond on this board. Just came into some cash that need to park for a year or two. TD Ameritrade offers the Amerivest ultra conservative managed portfolio. 98% bonds, 1% cash, 1% "alternative". $25k minimum. Been paying over 5% for last year (after 1.5% management fee). Can withdraw at any time and transfer back to reg TDA account, no penalties as I understand it.Anyone know anything about this investment vehicle. Thanks for any advice.Dr. D.
Just came into some cash that need to park for a year or two.What you are considering is a "fund". Most importantly, it can lose value, no matter who conservative it appears on the surface.If this is money you'll need or have earmarked for something specific in a year or two, the best place would be a CD. The interest isn't great but you'll know exactly what you'll have at the end.JLC
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