We are quite late to this whole Mustachian thing. We have a sizeable 'stache currently being actively managed - I have made very little headway in encouraging my mister to reconsider this. He doesn't WANT to manage the funds, and I have no head for numbers. We would consider ourselves FI were it not for five more years of private school and four years of college still in the offing for our only kid. Plus we will eventually need to buy a house or rent - right now we live in housing provided by my husband's job.
That's a little background, but it's not what brings me to your neck of the Mustachian woods. I finally, after about a year of hemming and hawing, opened a Fidelity account today online. My father died in June with virtually no assets remaining, but he did have a paid-up life insurance policy through the VA that provided my brother and me with $5K each.
I plan to take that $5K and invest it in a mutual fund through Fidelity, with an eye toward transferring it to our daughter when she turns 21 so she'll have a nest egg she can then grow. My hope is to set her on a different course, a simpler path that she can maintain and expand.
I have been planning to invest in FFNOX (Fidelity Four-in-One Index Fund), and wondered if you who know more about such things than I do feel that's a reasonable place to put it. And if not, I am open to other suggestions!
