+53 The HUGE Powerball Winnings hits your account, where do you put the hundreds of millions in the short term?
You won the Powerball Lottery. After taxes you now have almost 500 Million Dollars!
The Financial Experts you have hired tell you to not rush into making investment decisions with your new found wealth, but instead let it sit safely for a few months until you have a chance to work closely with your experts to determine where to invest the money.
Where do you put the $500 Million safely for a few months? THE SHORT TERM! CDs, Money Markets? Treasury Bills? Muni Funds? A savings accounts at banks? In a safe?
What are the pros and cons of each option for the short term?