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%