Ways to Stash Your Cash: Part IV

Posted by: Lauren Young on July 28, 2008

I will continue posting more cash asset allocation plans this week. As a reminder, advisers were asked how they would invest $1 million for an investor with a one-year time horizon.

I especially liked this advice from Mike Saghy, director of investments for PNC Wealth Management in Pittsburgh. Saghy split this portfolio among aggressive and conservative ideas, putting 55% in growth-oriented products and 45% in value-oriented products.

$300,000 T. Rowe Price Short-Term Bond Fund, yielding 4.12%
$250,000 Vanguard Stable Value Fund, available only to institutional investors, yielding 4.54%
$100,000 AMTrust Direct 12-month CD, yielding 4.21%
$50,000 Greystone Bank CD, yielding 4%
$100,000 6-month EverBank Commodity Index CD, yielding 5.58%
$200,000 Touchstone Institutional Money Market Fund, yielding 2.49%

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Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

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