Hiya,
receiving a lump sum from home sale. I may use the money to purchase a property in the next year(actively searching) and WAS going to just put it into a high interest savings account/s, but are there better places for such a large amount?(470k)
What are the tax implications of, for example, investing it in Vanguard Index funds for just 3 months to a year, then cashing out to purchase another property?
I AM going to hire a CPA this year, but was just wondering. Any thoughts are welcome...
Thank you,
fixie