<prompt> Human: Hello Investment-minded. I recently came into a large-ish amount of money. After all debts are paid down and emergency money is set aside, Ill have about 240k USD. Im not a particularly knowledgeable investor, and out of fear of doing something dumb Ive left it in a low interest saving account for the last few months. I spoke with a rep at Fidelity about opening a managed portfolio and it sounds ok, but Im curious about the general consensus of whether its worth the cost. Any advice is welcome. Thanks in advance all!  <response>: You could do fine yourself and save money on fees if you go by: Id also read I Have X and the investing wiki linked by the automoderator.Do you have existing tax-advantaged retirement accounts? You would want to take those into account and consider your portfolio as a whole.You say you have no debts and an emergency fund. Where do you stand on assets? Consider if you should be reserving some of this money to replace a car or as a down payment on a house, or if you want to take a nice vacation. Only invest the part of it you decide to set aside for the long-term. 