On Saturday, 17 September 2016 at 14:22:03 UTC, Andrei
Alexandrescu wrote:
The Foundation's cash os currently sitting in a checking
account at Bank of America. I've googled for things like
"brokerage accounts for non-profit" and figured that most or
all deep discount brokers (Fidelity, Merrill, Etrade etc) allow
opening accounts for non-profit organizations. Bank of America
has a partnership with Merrill Edge, which I hadn't heard of
before (likely a subsidiary of Merrill Lynch).
So, any suggestions on which brokerage would work best for the
Foundation? TD Ameritrade would be the familiar choice for me.
On the other hand, I'd be interested in trying something new.
Thanks in advance for any insights! -- Andrei
As jmh530 pointed out, the time horizon is probably the most
important parameter in an investment. If you can put the money
aside for at least one year, I think you can make 1-2% a year
without taking a lot of risk, e.g. by investing in
investment-grade corporate bonds with short maturity.