Where Do You Put Your Short-Term Savings?
As the title suggests, I'm curious to see where the monkeys of WSO are allocating their savings. I just finished my first year as an analyst and having some difficulty choosing how where to put my disretionary savings. I started out saving very aggressively for retirement (think 15% to Roth and 401k), just reached my safety net goal and now want to establish some general savings for future vacations, home purchase etc. I'm hesitant to throw them into index funds given how expensive equities are, but feel like letting them sit in a MM account would be wasteful. I don't consider myself skilled enough to select specific stocks so I tend to prefer ETFs and Indexes, but I have considered purchasing a few larger, high dividend blue chips as an alternative. Either that or treasuries which I do think are currently underpriced.
Again, these aren't necessarily long term savings, more for larger purchases and general flexibility within 5-10 years. What do the personal finance gurus of WSO think?