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American Funds.
But first get a good experienced broker who knows those funds extremely well and he'll make it diverse and as safe as you need it to be. I did this with approximately that amount and now I earn between $1K-$2K each month in interest. It sure beats just earning interest in a plain old Bank (sorry to my Bank buddies, but it's true).
Make sure you sent up an IRA for yourself, as well.
When looking for an investor, interview the ones recommended by your wealthy (yet honest & not neuvo riche) friends. Ask every question you can think of and have the person show you all the Annual Reports at the very least. They will ask you if you need to be aggressive - or not, then you have to decide if you want to retire someday and when and where.
PS - I've lost $80K before to someone who drove the Jag and was recommended to me by a person who was a salesman buddy (!!!) and this investor dude lived in a huge house in Dallas, - except, on credit, of course...plus he was never available for meetings. Geez, I wish that someone had told me to do my homework back then.
Hope this info helps someone else out there. Good luck. Be cautious and trust your gut. If it sounds too good it's probably bullshit.
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"I need compassion, understanding and chocolate." - NJB
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