Personal Investments • Where should my niece put this $36K

My niece is 40 y/o and went thru a bad divorce and hasn't worked in a year. She starts a new job, (LPN) next week, that doesn't pay a lot but at least she's back in the work force. She has $36K to her name at Fidelity and it is all invested in cash. IMO she needs a set and forget portfolio and I'm trying to give her a bit of guidance on what to do as she has little ability to manage money.

I'm looking at two options, either a target date fund, FBIFX Freedom Index 2040, or a three fund portfolio such as;

FZROX total market index 50%
FZILX international index 30%
FXNAX US bond index 20%

I figured I would dollar cost average the money into the market over say 6 months. I'd appreciate any thoughts and suggestions.

Thanks

Statistics: Posted by FXDXontherun — Wed Aug 21, 2024 7:12 am — Replies 5 — Views 283

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