Honestly, if you want proper personalised advice, a professional...

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    Honestly, if you want proper personalised advice, a professional is normally the safest choice. They can look at all off your factors and give some decent advice. Although it good to have an idea of what you want beforehand.

    But, as some super general advice, there is no "right" answer; there is only what is right for you and the outcomes you seek.

    If you are seeking to grow that amount, you will take positions in higher risk assets like stocks. If you are simply trying to avoid effective loss through inflation you will take a much more defensive and safer position, perhaps geared more towards bonds & cash.

    If you have a clear idea on what you want to accomplish, you can probably figure out which sort of fund suits you best. Low risk means lower growth but less downside risk typically when market swing down, and typically provide less volatility. And the opposite of all is true for higher risk/growth funds (higher growth, more risk when markets swing low, more day to day volatility).

    Hopefully that's something of a starting point to figuring out your answer.
 
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