I am a 63 year old retiree. Am looking for some good advice on how to invest this 160k in one or two good no-load mutual funds. It would be easy for me to tell you what I would do with the money, but that may not be what would be best for you. Since we do not know the type of investor you are and we don't know what other assets you have, our advice could be the worst advice you ever receive. First, if you haven't already done so, I would recommend that you study the 13 Steps http://www.fool.com/school/13steps/13steps.htm?ref=G02C06 then study all about Mutual Funds http://www.fool.com/school/mutualfunds/mutualfunds.htm?ref=G02C06.After your done doing all of that I think you would be able to answer the question of what to do with the money yourself. You may even be tempted to tell someone esle what to do with their money after that education.Now, since I didn't give you any advice on what to do with the money I'll tell you what I would do with it. If it were mine I wouldn't hesitate for a minute putting it all in the Vanguard S & P 500 Index Fund. Read this from Thunderfool http://boards.fool.com/Message.asp?id=1030034001559001cf
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