@dtconroe - Thanks for the rebuttal. I never give specific recommendations or even share my own specific investments (unless they come up in the context of a particular fund’s discussion). I hope that does not exclude me from making broader observations about investing on this thread started by @Baseball_Fan. I do think it’s for the person who initiates a thread to set the tone and pull people back into line who fall out of step. BF’s opening line - “For kicks and giggles and ideas ” leaves me to believe he is willing to allow a wide latitude in thread content and some occasional humor or straying afield.
What would I do with another $100,000? Tax considerations might have some bearing on how it is invested. But, in general, I’d simply add it to my existing diversified portfolio. That’s what I’ve always done with windfalls. I’m about 49% in equities, 30% in various fixed income products, 15% cash equivalents and 5+% precious metals. That’s mainly through mutual funds, ETF’s and CEFs. Also own 2 individual stocks @ 5% of portfolio each.
I attempted to support the case for going all to cash and intended to praise those who invest that way. In no way would I discourage such an investment approach. The one proviso is that I think it is unwise to move back and forth between completely different approaches based on the latest 6-months’ market action. Selling risk assets low and than rebuying them higher a year out when markets have “recovered” is not a viable long term plan ISTM. As you have long been known here for your expertise in and affinity for fixed income investing, I don’t understand the umbrage - though I’ll agree my comments were a bit outside the scope of @Baseball_Fan’s hypothetical question.
The boat? :) I thought it was funny. I’d seen it in the water while on a walk the day before and the name on the stern “Secret Formula” struck me as relevant to investing. I’ll stop there! But if @Baseball_Fan wishes the photo to be removed, I’ll be happy to oblige him.

Closing numbers + percentage of change yesterday (9/6/23)
Index Close % Change
Dow 34444.38 -0.57
Dow Transports 15374 -0.74
Dow Utilities 853.17 0.2
S&P 500 4465.61 -0.69
Nasdaq 13872.47 -1.06
Nasdaq 100 15371.44 -0.88
Russel 2000 1873.44 -0.37
VIX Index 14.39 2.71
10 Year Gov't Yield 4.3 0.75
Spot Gold 1916.56 -0.5
Spot Silver 23.16 -1.64
GDX-Gold Miners 28.47 -0.07
Crude Oil 87.73 1.2
Dollar Index 104.85 0.04
Euro Spot 1.07 0.04
Japanese 10 Year 0.67 2.15
Shanghai SE 3158.08 0.12
Long Bond 20-year 119.06 -0.03
Source: Bloomberg
The $87.73 quote is for NYMEX crude oil which rose 1.2% yesterday. There are a number of different grades of crude and so prices will vary among them. PRNEX is a good N/R fund and as @Crash suggests it is heavily weighted towards the refiners. Of course, refiners price based off many other fundamentals than just the price of oil. Since p/m metals fell yesterday - especially silver - that might help account for the small daily loss. I own a CEF that is somewhat similar to PRNEX in focus (leans more toward the metals). It was unchanged yesterday.

For kicks and giggles and ideas, not recommendations...
3/6/12 month tbills, equally, 45%
Mrfox, Marshfield, 15%
Pvcmx, Palm valley, 25%
Cbldx, crossing bridge, 15%
What say you?

Being retired, I like the CBLDX idea in my IRA and don't need to add to growth. Since it would go into a taxable account, it would be put into MM for now and enjoy the interest for a while. Possibly 50% into NVHAX.

Oil & energy were higher.
I believe you, @hank. Yet Nat. Resources fund PRNEX fell, though only slightly.
And ET's merger or acquisition of Crestwood Partners is being looked into. But that is ongoing, not particular to today's action. Down -2% just today. WTF.
"...Under the terms of the Merger Agreement, Crestwood will be acquired by Energy Transfer LP (“Energy Transfer”) (NYSE - ET). Crestwood common unitholders will receive 2.07 Energy Transfer common units for each Crestwood common unit. Upon closing, Crestwood common unitholders are expected to own approximately 6.5% of Energy Transfer’s outstanding common units. The investigation concerns whether the Crestwood Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Energy Transfer is paying fair value to shareholders of the Company..."
And SUN (Sunoco LP) is wholly owned by ET. It was down -0.9% today. I don't own any of that. Sometimes my stuff yins when everything else yangs.

@LarryB. Van Patrick is the first Detroit sports announcer I can remember. That must have been back in the late 50s or early 60s? Lions football I think. And a good announcer.
The other I have no idea. But Lafayette would seem to be in Indiana. So maybe something to do with Perdue or Norte Dame football?
Do you remember when the Tigers fired Ernie Harwell? I can remember right where I was standing when the news broke. Everyone was in disbelief.
d

I can find precious little news on this one. PSTL. I’d earlier linked an earnings call - but that was a month ago on August 8. Sorry. I was a month off!
Overall, the allocation funds I like to track only lost around 0.25% today. The damage in bonds was less severe than yesterday. PRWCX lost 0.33% while its cousin TCAF lost 0.70%. As has been pointed out, TCAF lacks the fixed income holdings in PRWCX, so tends to be more volatile. Metals / miners fell. Oil & energy were higher.

I'm guessing dtconroe wants to lock in 5.4% for 2 or more years. The Fido mm rate would drop significantly if the US enters recession in 2024 or 2025 .

That is correct--I have some cash in SNAXX which is paying a very nice interest rate, but MMs do not guarantee those rates for very long. I do not know how long I will be able to get CDs for 5.4%, but for a retired investor, that is a very attractive rate that I would be very comfortable and satisfied with that, especially when I can get a CD that pays monthly dividends. I am not recommending anyone do what I would do, but 5.4% CDs are very attractive to me for now, and that is where I would put the $100k if it was available to me now. Others can buy that Boat and I wish them well!!
Also, I only buy nonCallable CDs.

5.5% 2 year cd jp Morgan Chase is callable, and Chase will call it in a moment if they can save 10 cents on the situation.

I contend that if rates start falling and these Cds are called, it may be to your benefit. If rates start dropping that means something else is going to go up. Move to equity market maybe? Bond funds? But I agree 2 year and greater, and that money is earmarked as cash long term, callable over non-callable may be a different decision.

@hank, ya truth re hussy. Still wonder if we didn't have all the fiscal and monetary policies in effect over the past 15 years, hussman would be the modern day peter Lynch. He might still be but as I think you stated, we should all hope to live that long .... LOL
And Shoshy be careful running around with that bling on your wrist. Lots of gangsta types out there these days looking to rob folks, maybe better with the rubies in your sock.....

5.5% 2 year cd jp Morgan Chase is callable, and Chase will call it in a moment if they can save 10 cents on the situation.
However, on Schwab I bought a JPMorganChase callable at 5.7%, maturity 12/18/2024. On a short hold time like that I'll take my chances on a call... no big deal.

Don't read hussy commentary today if you hold lots of stocks etc.... you'll be investing in whiskey to steel your nerves....

Last time I looked Hussy’s “flagship” fund was averaging -3 or -4% annually for the last 15 years. Must be some sort of a genius to manage to lose that much money!

5.5% 2 year cd jp Morgan chase today at fidelity, stepped in and conducted some commerce at lunchtime
Like the idea of watches. Get outside of financial system.... you've heard me pine about high grade rubies a few years ago
Don't read hussy commentary today if you hold lots of stocks etc.... you'll be investing in whiskey to steel your nerves....

@hank: I'm thinking of the $US market, and I'm thinking of the more portable stuff. I.e., an IWC Portugieser or Jaeger-LeCoultre or even (possibly) Piaget Altiplano Ultimate, rather than a one-off Lange & Sohne 8-day tourbillion or some MB&F monstrosity, or even a Jaquet Droz chronograph or meteorite dial quantieme, which are lovely pieces but are too stylized to have a broad market appeal.
Patek is an obvious choice here, but $25k probably barely buys one. Same with an Audemars Piguet Royal Oak, Breguet Ultra-Thin Tourbillion RDM, etc.

I'm guessing dtconroe wants to lock in 5.4% for 2 or more years. The Fido mm rate would drop significantly if the US enters recession in 2024 or 2025 .

Of course, so much depends on one's financial situation, proximity to retirement, etc.
That said, here's one idea.
$20k - Treasuries or LCORX.
$25k - Fine Swiss timepieces (2-3 from the IWC, Breguet, Piaget, DeBethune families)
$20k - VGWLX
$20k - PRWCX / FPACX
$15k - FMIMX
Wear the watches now. At least one of the watches should be an IWC Portugieser. Fun to wear, and will always have a market.

Why not 5.2% @ Fido mm ?

Where would I invest $100k today?--one of the 5.4% CDs available on the Schwab website. $100k is the amount I normally invest in a given CD, so this would be consistent with my investment decisions for the past several months. Unfortunately, I don't have $100k availabe for investing for now, but in a couple of months, that scenario will be real for me, as I have several existing CDs maturing, assuming that CD rates do not fall significantly in the next couple of months. As a retired investor, focused on preservation of principal, the current market CD rates are too good to pass up--at least for me and my investing style!

https://www.sec.gov/Archives/edgar/data/1716909/000089418923006867/cushing-497e.htm
497 1 cushing-497e.htm SUPPLEMENTARY MATERIALS
Supplement
dated September 5, 2023
to the Prospectus and Statement of Additional Information
dated March 30, 2023
for NXG Global Clean Equity Fund (the “Fund”),
a series of Cushing Mutual Funds Trust (the “Trust”)
This supplement provides new and additional information that should be read in conjunction with the Prospectus and Statement of Additional Information listed above.
After careful consideration, Cushing® Asset Management, LP, doing business as NXG Investment Management (“NXG”), the Fund’s investment adviser, has recommended, and the Board of Trustees of the Trust has approved, the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation. The Fund will liquidate on or around October 6, 2023 (the “Liquidation Date”).
After the close of business on September 12, 2023, the Fund will no longer sell shares to new investors or existing shareholders (except through reinvested dividends), including through exchanges into the Fund from other funds of the Trust. Prior to the Liquidation Date, investors may continue to redeem shares of the Fund in the manner described in the Fund’s Prospectus.
Under the Plan of Liquidation, the Fund will wind up its business and affairs and will cease investing its assets in accordance with its stated investment policies. On or before the Liquidation Date, all portfolio holdings of the Fund will be converted to cash, cash equivalents or other liquid assets. On or promptly after the Liquidation Date, shareholders in the Fund as of the Liquidation Date will receive, as a liquidating distribution, an amount equal to their proportionate interest in the net assets of the Fund, after the Fund has paid or provided for all of its charges, taxes, expenses and liabilities.
Prior to the Liquidation Date, if necessary, the Fund will declare and pay to its shareholders of record one or more dividends and/or other distributions of its investment company taxable income, if any, and net realized capital gains, if any, for the current taxable year through the Liquidation Date. Distribution of liquidation proceeds, if any, to Fund shareholders generally will result in a taxable event for shareholders, depending on their individual circumstances. Shareholders should consult their own tax advisors about any tax liability resulting from the receipt of liquidation proceeds.
In anticipation of the liquidation of the Fund, the Fund’s investment adviser may manage the Fund in a manner intended to facilitate the Fund's orderly liquidation, such as by holding cash or making investments in other highly liquid assets. As a result, during this time, all or a portion of the Fund may not be invested in a manner consistent with its stated investment strategies, which may prevent the Fund from achieving its investment objective.
If you would like additional information, please call 800-236-4424.
Please retain this supplement for future reference.

That's a great article, @msf. Thanks. I agree with the Schwab article. In addition, there is the Medicare income adjusted premium (IRMAA) which can add another penalty of around 3% for increasing Modified Adjusted Income (MAGI) from $245,000 to $366,000. Tax-exempt income is not included in AGI, but is included in MAGI.
Below are the Married Filing Jointly thresholds for Federal Tax based on Adjusted Gross Income and Income Adjusted Premium (IRMAA Parts A & B) based on the Modified Adjusted Gross Income which includes tax exempt income. The Net Investment Income Tax (3.8%) starts at $250,000. The big jump in the Federal Income Tax jumps from 24% to 32% at $364,200. IRMAA increases by $2,837 when one crosses the $246,000 MAGI Threshold, another $2,837 when one crosses the $306,000 MAGI Threshold, and another $2,837 when one crosses the $366,000 MAGI Threshold.
Basis AGI MAGI
Threshold Fed Tax Medicare NIIT
Married Premium
(Jointly) (Couple)
$22,000 12% $3,958
$89,450 22% $3,958
$190,750 24% $3,958
$194,000 24% $5,832
$246,000 24% $8,669
$250,000 24% $8,669 3.8%
$306,000 24% $11,503 3.8%
$364,200 32% $11,503 3.8%
$366,000 32% $14,340 3.8%
$462,500 35% $14,340 3.8%
$693,750 37% $14,340 3.8%
$750,000 37% $15,286 3.8%
I am overweight in Traditional IRAs and have deferred Social Security Benefits in order to keep income low for a Roth Conversion and collect a higher Social Security Benefit later. Higher Roth Conversions now reduce RMDs and income taxes later. Depending upon one's goals and savings to pay taxes on a Roth Conversion, there are benefits for Roth Conversions to target AGI/MAGI between the $245,000 to $365,000 range in rough numbers.
I have modeled my preferred plan in a spreadsheet for the next ten years and reviewed it with my CPA. This will become an annual process because there are so many assumptions. For me, it's a trade-off to pay higher taxes now with a Roth Conversion and paying lower taxes with Municipal Bonds. Leaving a tax-efficient inheritance is another factor.
I moved from a state with no income tax to a state with income tax for better "quality of life".

While Prof. Snowball's suggestions are all worth consideration, the situation is, as he wrote above, more nuanced.
Sometimes getting a gifted share does not enable you to invest more in the fund The Artisan Funds prospectus say that

You may open a new account in a closed Fund only if that account meets the Fund’s other criteria (for example, minimum initial investment) and ... you receive shares of the closed Fund as a gift from an existing shareholder of the Fund (additional investments generally are not permitted ..._

A similar technique to the one for getting into closed Artisan funds (investing $250K in Artisan funds that are open) does work for getting into PRWCX. T. Rowe Price's Summit Program provides access to closed funds; to qualify one must have $250K invested at T. Rowe Price.
Rollovers may not get you into a closed fund at T. Rowe Price if you don't already have shares in the fund. Several years ago TRP refused to let me open PRWCX in an IRA when I rolled over assets from my 401(k). But I could roll over shares I already owned in a different closed fund.
(That differs from Vanguard; my experience there is that Vanguard won't let you open a new position even if you're just transferring shares you already own from a different account.)
Perhaps things have changed at T. Rowe Price. Or perhaps there was something different between my situation and what Prof. Snowball was describing. I was not a new investor: my 401(k) was administered by T. Rowe Price and I had an existing IRA with TRP. I was rolling over an individual 401(k) not a vanilla defined contribution plan. My 401(k) did not allow me to open a position in PRWCX; some other defined contribution plans may.
The point is that while all the suggestions are good, they may or may not work depending on the fund company and little quirks that can foul things up. There's no harm in trying. And being a little obstinate :-)
P.S. Vanguard, like other families mentioned above does let investors into some of its closed funds, so long as you have enough invested with them. Here, "enough" is $1M (Flagship status).