But a sensible approach would be to add gradually to your stock funds, particularly in beaten-up areas like technology. You may not see much reward this year. But by fall, your patience should be rewarded. I have some inheritance money I would like to invest. I am very comfortable with municipal bonds.
Inherited money has two problems.
First, it appears when you re least inclined to deal with it. After all, it s generally a reminder of someone you miss. And it tends to come in an intimidating sum. For most people, the initial reaction is to park it in a money market fund until they re in the mood to deal with it. This is not an irrational reaction, provided you don t wait too long.