"with interest rates at a low point, is not a good time to invest in bond funds. "Intrest rates are difficult/impossible to predict."I would, however, like to "grow" that money at a better rate. I feel I must put it to better use if possible."Try:1) Vanguard funds especially GNMA's.2) exchange traded funds like TGG and GIM will hedge your money against a fall in the US$ vs other currencies.3) You might consider 5%-20% or so in a precious metals fund, energy fund (like PEO), or natural resources fund.4)REIT mutual funds (from vanguard).5)10% in NLY AXM TEI if you want to do the "wild thing"."I will not need for income for probably 5-7 seven years out."You might do best buying dividend paying stocks. They might only yield 1%-5% now but if they are increasing their dividends 5 years from now it will yielding much more. This book has a decent list to choose from:http://www.amazon.com/exec/obidos/ASIN/1564290484/qid=1012759428/sr=8-2/ref=sr_8_3_2/002-9657969-6984803I am still mad at Fidelity Dividend Growth Fund for buying Cisco so I will not recommend it ;-)
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