To answer, more info would be needed. What other investments do you have? Savings? If you have other funds elsewhere, stick this in an index fund (I prefer Vanguard VTSAX fund). If you don't have anything else set aside then try the VBTLX which is Vanguards Bond index fund. But I agree with others that say to have a 6-12 months savings FIRST before other money for investments. If you research index funds they have good reputations, even if riskier than a mutual fund.