No. of Recommendations: 0
Understand completely, and maybe I have stated what I need incorrectly. To preserve principal is what's important, and still receive some income or interest is what I am looking for at present. I can't believe I am the only one with this situation.....Thanks,
Belle


You're not the only one. I'm in a similar situation after selling
my So Cal house. It's a burden never havinghad anything but wages
prior to this. I have just opened my brokerage account, and will be
investing this week. Most of my money will be going into an S&P 500
exchange index fund. The rest will probably be divided among an
emerging market fund, bonds, and cash.

Look up "The Great Mutual Fund Trap" by Baer and Gensler, as well
as "How to Retire Early and Live Well..." by Edmunds. There are no
secrets in either of those books, but if you are not a seasoned
investor (i.e. have already lost a lot of money) you need them or
something like them. They will make you more comfortable with your
cash, and give you some ideas. The most important thing for me was
that they helped me understand just what investing is, what it does, and
what the risks are. Baer and Gensler's book tell you why you should
be in index funds. Edmunds gives you other options that may or
may not be right for you. Learn as much as you can before doing
anything. And, be aware that the advice you get here (including mine)
is worth what you paid for it. Somewhere in the neighborhood of $30,
right?

Good luck to us both!
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