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[quote=Anonymous]I think you can do fine with reading some books, or checking out CNN/personal finance's "Money 101", or hanging out at bogleheads, but the question is whether you have the time/interest/comfort level to do that.  If you don't, then I think it's fine to find a fee only adviser and pay for a few hours of consultation (which might run you $500-1000). I don't think you need someone to manage it on an ongoing basis, but again if you want to that's fine too.

You have to start with asset allocation and your risk tolerance and then decide what you want to put in stocks vs bonds etc.  Personally, for money I wanted to be very safe about (emergency funds, for example), I would start rolling some into i-bonds (10k/per year/pp can't access it the first year and small penalty in first 5 years but good rate, otherwise liquid, and safe).  For money you want to put in the stock market, you can do fine with Vanguard index funds (or ETFs).

Someone did a series on "lazy man portfolios"-- basically different ways to get good exposure to different markets/asset classes with just a few funds.  If you google a little you could probably find them.  Might be worth considering.[/quote]

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