I have about 250K sitting here without an earning assignment (have not assigned it to anything financially yielding yet). I was going to use this for paying off my mortgage, but wondering if I can make it work better for me rather than sitting in a savings account. Mortgage rate is sub-3%, so no real reason to hurry and pay it off immediately.
I have been thinking of parking it into something like QQQI, IAUI or something else of the like where I can keep it liquid (if I decide to immediately pay it off), have a ROC (to reap some of the tax benefits associated with ROC) and to protect the principle as much as possible (risk is always there). If someone was in this situation what would you choose and why? Note: normal operating budget, etc. is kept completely separate from this. Thank you to all who reply.