If you are going to do a mutual fund, I would suggest a fund of funds. They are actively managed and in volatile times like this, can be good. You can even dollar cost average monthly into it. One I like for my smaller accounts is Blackrock Global Allocation fund for its long term track record of beating indexes as well as doing very well in down markets. Let me know if you have any other questions.
in full disclosure, GS, Fidelity and Oppenheimer have great fund of funds as well. Just set it and forget it.
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