Review your goals. Knowing when you want to reach them is your time horizon. You have that four-year-old you want to send to college in 14 years or you have a 22-year-old who wants to get married in two years. Different time horizons. And you would choose different investments for each goal.
Your time horizon should dictate what you invest in and how much risk you take. The longer the time horizon the more risk you can take on for you have time on your side to ride out the ups and downs of the stock market. For the four-year-old you might choose the Massachusetts 529 College Saving Plan sponsored by MEFA (Massachusetts Educational Financing Authority) and provided by Fidelity.
As for the 22-year-old you just may buy a one and two year CD or use a money market fund to be sure the money is there when you have to start making those deposits to book the venue and caterer.
You will have to educate yourself about investing:Listening to WBZ radio every day is a good beginning "
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