Originally Posted by
webazoid
Can u just park the money without investing to avoid risk of market crash?
Yes. You can use any of their Money Market Funds which currently yield a paltry 0.01 to 0.05% per year. Go to the Fixed Income / Taxable, you will find there are several to choose from. Usually the Select yield a wee bit higher than the others - still very paltry though. They are not FDIC but they are insured by SPIC. Fido also has additional private insurance. Meaning you would only lose money should Fido goes under. If Fido goes under, 1/2 of this country's IRA/401K accounts would be in jeopardy - so rest assured that would not happen.