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For safety you want, try money-market funds
Q: I am 75 years old and live on my retirement pension. I have a very low tolerance for risk because of losing money in mutual funds, which were professionally managed for me before. I now have approximately $30,000 in cash that is just sitting in my checking account. I want to invest it. However, due to my lackluster trust in the market, I am not sure what to do with it. I am aware of how inflation is eating it away. I am not sure where to invest it -- in what particular product/area that would be relatively safe and meet or beat the inflation rate. Also, you have written that people should get comfortable with the stock market and mutual fund investing, but I don't know how to begin adjusting my comfort level.
