Quote Originally Posted by dalmatian View Post
20k liquid cash to play with
20k in an accelerated savings account with ~1.5-2.0% interest
20k in a moderately aggresive mutual fund.

This is all speculation but the reasoning is I have 2/3 of my bank in 0 risk locations and I would have to lose 66% of my bank before I touch mutual fund stuff. If my mutual fund dips and I have to pull money I am essentially locking in a loss so this would be touched last.
This isn't 0 risk but you indicate you understand that when mentioning the possibility of loss. I do something similar with Vanguard ETFs (listed in descending order of risk):
20% in Money Market (currently yielding 2.08 -- associated with my checking account so withdrawals, if necessary, take a business day)
30% in Total Bond Market (trailing 12 month return 9.8%)
30% in Long-Term Corporate Debt (12 month 24.95%)
20% in High Dividend Yield (12 month 14%)
Rebalanced quarterly.