How large is a "not large amount"? How far from "losing is all" could you (she) accept?Vanguard mutual funds have a minumum initial inveatment of $3000. Half a dozen funds would be $18,000.Losses of 30%-50% are not unusual. (We just went through a decline like that in 2008.) Is that too big of a risk?When this type of thing happened with my wife, I resolved it by putting half of her windfall into savings accounts at Alliant CU and Discover Bank, earning 1.3%-1.5%. Not a great dividend, but enough to let her buy whatever she wanted to without risking a loss in that portion.The rest, I invested as usual.
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