If you are going the mutual fund route you choices should be:
1. No-load mutual fund.
2. Relatively low risk
3. Possibly an index fund
4. If not an index here are samples of good choices right now:
- CGM Mutual (LOMMX)
- Matthews Asn Gr & In (MACSX)
- Fidelity Intl Disc (FIGRX)
- AmCentury Ulilities(BULIX)
- Janus Balanced(JABAX)
- PIMCO All Asset D (PASDX)
Or, invest in your education.