This seems like an impossible question without knowing the context. What is your time horizon? Do you have existing debt you could pay off? Other emergency funds available, etc. If you might need it soon, just parking it in a money market or bank account might make sense. If you're sitting flush, a good gun deal is never a bad idea. Sounds like a good dilemma to have!
Short term, year or two. Only owe on the house and owe about 20% of current value on it. Financed at 3.125%, 401(k) is in good shape and being left alone. Cars paid for, no credit card debt, etc. This is just some extra cash - It is a nice dilemma but really don't want too much under the mattress - would be nice to outpace inflation at least while keeping it liquid for some market timing. Would love to spend some of it on Reloder 16.
