Investor Help (NO Ihub questions)

[cintrix]

There are a number of factors that you didn't mention. You mentioned American Century Investments. Did they throw it all in one high tech fund or did they allocate it to a few different funds? Also, your age has a lot to do with where you put your money. Is this retirement money you will need fairly soon or are you young and we are talking over 20 years?

If you have time before you plan on retiring I would say that leaving your money in a guaranteed interest account isn't a good idea. As you mentioned you were making nothing in that account.
That said, I am not a fan of putting everything in one basket. I don't know who advised you, but why couldn't they divide that 16k into multiple funds? You may feel a bit more comfortable if you do that. But, when you are in mutual funds long term you are better off not looking at them constantly. Right now the market had taken a few hits and everyone's funds are down. Six months from now they can be down more or they could be up considerably. That is something that none of us can predict but it is the nature of the stock market. I can tell you this. I have a certain amount of my nest egg money in mutuals. When the market crashed in 2008 they dropped considerably - lost almost half their value. A few years later they were back where they originally were. Not telling you what to do but that is something to think about. You need to really think about when you need that money.