Reply to What should I do with $300k?

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[quote=Anonymous]I have $170k in my checking account and another $150k in various other accounts but able to get to it very easily (basically cash).  Only debt is mortgage- $420k. What should i do?  DH and I are in our late 30's. We do have a two year old and have not set up a college account for him yet.  I know little about stocks, mutual funds, etc.  I am currently researching different options but am finding it difficult to understand everything.  DH does not want to hire anyone to help.  He says we are smart and should be able to do this ourselves and it is stupid to pay someone to tell us what they think we should do. I do not have a finance or law background and my family was not well off so I did not grow up learning about this kind of stuff. So now I'm on DCUM.  I obviously know we need to invest it as we're getting very little interest having 170k sit in the checking account. But what percentage of my cash goes where and into what?  I am willing to be moderately risky.  Any help, please? We would like to retire at some point.[/quote]

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