Investment advice needed: I have $1,000 in an old mutual fund. What would you do with it?

The money was a graduation present from my Dad. Unfortunately, I graduated in 2000, right before the dot-com bust, Enron, and then Sept. 11.





The value of the fund, some of which was actually invested in Enron, crashed to something like half of its original value and has only now, 7 years later, regained its original value.





I don't want to keep the money in the Janus mutual fund, but I also don't have a clue where to put it. My wife and I are planning to start a family here soon (we're already trying to conceive, so it could be in a month or in a year), and we'd like to have some spare money set away for unexpected expenses -- of which I'm sure there are plenty in a family with kids.





So what would you do? Stash it in a CD? Put it in the bank? Use another mutual fund? Spend it on some other investment? I'm open to suggestions, but please tell me as much as you know about the type(s) of investment you suggest. There's a lot I don't know about investing, obviously, or I wouldn't be hereInvestment advice needed: I have $1,000 in an old mutual fund. What would you do with it?
The answer is very simple. Since you might need the cash reserve at any time, put it where you can get to it very easily--a bank account. Everyone should have a cash reserve on hand for who knows what might happen. Once you have your new family started and have about 6 weeks living expenses in the bank, then you should reconsider investing in some mutual funds. Try to stay away from the ';growth funds';. Go instead for capital appreciation, value funds, and allocation type funds. They hold up better in bear markets.Investment advice needed: I have $1,000 in an old mutual fund. What would you do with it?
you can share you health with whoever gives you the first answer
http://www.invest-for-retirement.com will teach you what you need to know about investing.





For low-cost mutual funds, there are clearly two leaders:


- http://www.vanguard.com


- http://www.fidelity.com
A $1000.00 is really not a lot of money, just keep it in your saving for an emergency.
you should keep you money invested, unless you are goiong to need it in the next 5 years. now, if you are going to keep it invested you need to be in the right type of mutual fund. there are basically 4 types of mutual funds: growth, growth and income, aggressive growth and international. your janus was probably a aggressive growth or possibly a bad growth mutual funds. these two types are good if you wont need your money for a while and if you can tolerate the fluxuation in value. if you are more conservative you should look at some growth and income mutual funds, but dont forget about the international either. instead of picking just one why not do 75% in a growth and income fund and 25% in the international?