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The answer depends somewhat on your definition of conservative. With good protection of your principal, you can currently receivee a 6-7% annual return in Money Market funds or CDs. Beyond that, you might consider an Index Fund that would track the movement of a popular, broadly-based index such as the S&P 500, historically providing capital appreciation in the mid-teens, but with future prospects most likely closer to 10%. A bit more daring would be the more stable Diversified Funds, with annual growth ranging up to 25% or so. Naturally, the greater the return, the greater the risk.

As for the GM stock, the answer would hinge on whether it's in a tax-advantaged account (IRA, 401K, etc.) and whether the 4% dividend and questionable future pricing of the shares are comfortable for you. Analysts seem to feel that GM's prospects are not as bright as Ford's right now, and the industry seems to be experiencing some problems with sales. If you do plan to sell them, do you think it might be best to hang on to take any capital gains/losses next year for tax purposes and to benefit from a likely bounce in the overall market that's so beaten-down at the moment?
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