[TiểuHồLy]

Fidelity® Tax-Exempt Money Market Fund No Transaction Fee footnote1
I think this was the one I was trying to buy then realize the minimum requirement is 1 million. 

Most banks do have money market funds and mutual funds but the Con is you have to pay manage fee. The best is sign up for stock account so you can maintain yourself.

Don't forget the basic tax:
Short-term(less than a year) capital gains taxes range from 0% to 37%. Long-term(more than a year) capital gains taxes run from 0% to 20%.

Do you know the compensation procedures between FDIC-insured and SIPC?  Not much, just basic of $250k. You need to dig deep into it if you keep million in 1 place.

FDIC insurance: $250kSIPC insurance single, $500k join, and $250k IRA for each bank, so you need more than 1 bank   This is where want to invest cash if you have million more.

SIPC insurance: $500,000 in securities of which up to $250,000 can be cash balances. However, there are instances where investors are SIPC-insured for more than $500,000 depending on how the accounts, where they call separate capacities.
Traditional IRA and a Roth IRA, SIPC insures those separately and you will be insured for up to $1 million for the two accounts

When it comes to tax and these things, they're complicate where I don't know all. I only search for things that I need in my case.   However, I do read and research more than I want to know.

I appreciate it, bro.  
Before deciding, I'll study more to discover if there is any "under-the-table" management, all-in-one fees, etc. I have a stock account, and it is not pleasant to control it. Thanks for reminding me. I got a "jackpot" once and paid more than 25% in taxes then, but the "downhill" can deduct only $3k per tax year. 

Most notably, the US ranked 32nd out of 38 OECD countries in terms of taxation, and to preclude tax burden, we must think wisely before implementing investments. 

My concerns about the FDIC/SIPC insurance are now the unexplicit statements but general coverage. The bank's representative informed me that the FDIC insures up to $250k per CD, not per account holder, and encouraged me to open more than one account. I am not sure of the information. Hence, despite offering an excellent interest rate, I am still spreading only $200k to each bank. I vaguely recall one bank failure before the maturity date; the FDIC covered interest only until the bank closed. 

I considered purchasing wildfire-burned land in California and reconstructing condos or apartments for rent. Given a short distance to the beach, would paying over-average rent be worth it? What's your opinion?

@LoveStory08,
, sis. Are you the same one I've been chatting with in Xóm Chợ? If so, would you like to join our conversations? Thanks for your support, and please make yourself comfortable.