I think it requires a narrow-minded view to think that putting equity into a yield account (whether bonds, high yield savings, treasuries, etc) has "zero risk". In terms of maintaining the nominal value of your investment, there is "zero risk". In terms of maintaining purchasing power (which is more important), I would say there is a high likelihood of inflation eroding any return you stand a chance at gaining from said yield accounts... so is there really a "zero risk" way to hold onto $70k (in terms of maintaining purchasing power during an inflationary environment)? It might actually be more risky to keep cash in a "high yield" investment vehicle (that returns less than the rate of inflation) compared to investments with meaningful growth drivers