what should I do to invest my money in a mutual fund?

If you do not fully understand the investing markets (most investors do not) always go to the professionals that are available to help you.

Vanguard enjoys a well earned reputation of being one of the better, cheapest and well managed investment firm.

Why not at least visit their web site, or use their toll free phone numbers to get a better feeling for your own piece of mind. You will be able to ask all the questions that you feel are important to you, and the advice Vanguard provides will be free and the agent will take all the time you need to feel satisfied.

I've been in the industry a very long time and have always, without regret, recommend Vanguard for clients that were either afraid of the market or simply did not understand it.

The other company that is also considered a well respected firm is T.Rowe Price.

Rather than ask unknowns here at Y.A. whose experience is very questionable, give the professionals a call, visit their websites for you own piece of mind.

Yes you should definatly go with a mutual fund, it has lower risk than a single stock or a bond yet gains more interest than a cd or a savings account. Id suggest you go to a good mutual fund broker and have him make some good suggestions to you. Find someone with the heart of a teacher not just looking for money.

Don't invest in mutual funds. you will be far better if you buy index funds