I have some individual CDs maturing this year that I purchased opportunistically towards the end of 2023. Because of this thread wan123 replies on OT: Where do you keep your cash?? this thread on the Berkshire Hathaway board I've ended up parking some in iShares 0-3 Month Treasury Bond ETF (SGOV) and Vanguard Federal Market Fund (VMFXX). I might leave a portion there that I'd like to be liquid and not worry about actively managing.

Fidelity lets you set up FZFXX or SPAXX as a core cash position, and I'm taking advantage of that. I was looking at a few additional options, too.

* inflation indexed bonds like I-Bonds or TIPS. The I-Bonds seem relatively attractive now, from the perspective of the fixed portion of the coupon. Not historically attractive, but near multi-decade highs at 1.2%. The downsides are the annual cap at $10-15k, having to manage them through TreasureDirect, and the small penalty on selling them before holding them for 5 years. I know less about TIPS.

* A high yield equity ETF or mutual fund like SDY, SPYD, DVY, or others.

I could split the difference and use a mix short/medium term CDs, inflation indexed bonds, money market/short term treasure funds/etfs, or a high yield equity low fee fund. That feels like a cop-out.

I was curious if others had this problem or had suggestions.