We have a Money Pit on a pond three hours away. Husband bought it at the turn of the century. It's paid off. It's also completely demo'd and has been in this condition for 3 years.
There's no reason to think Husband will ever finish the house.
He's had $60k laying around, waiting to deploy, all this time:
$20k in cash in a chequing account
$30k in FTBFX which LOST 2%--arg!
$10k in a single stock investment (started as $5k)
I sold the single stock, and am in the process of putting it in FSTVX. I'm tempted to sell at least $10k of the bonds, if not more, and also put that into FSTVX.
In this scenario, would you be comfortable with 50-60% FSTVX and 40-50% cash/bonds? Or should I just stick with the current breakdown? Or should avoid more stocks, but move the bonds to a savings account? Does Fidelity have something like that? I poked around their site, but am unsure about what I found... a Money Market account that's NOT FDIC insured?
What option have I not though of/discovered, here?