I'm not sure exactly where this post belongs but I know career traders will be able to offer some useful input because of the expertise with risk management. Here it goes. I'm a 21 year old college student . As an investment, my parents bought a townhouse for me and two of my friends to live in while in college. As an incentive to take care of the place and be somewhat of a landlord for them as well as an extra incentive to graduate and then pursue a graduate degree (not that I need any) they offered to give me the profit from the sale minus some expenses. The last few years the housing market in my area has done extremely well and we have decided to put it on the market in the middle of next year as prices are leveling out. If sold for market value right now I would recieve approximately 40k cash. I have no debt, no student loans, car payments, etc etc ( I know I'm extremely fortunate). My parents stress education and have always encouraged me to concentrate on school and let them take care of finances...against their wishes I worked through high school and some in college in order to save and invest on my own, they are very responsible with money and thankfully have passed it down to me. Here's my plan. 1.Immediately put 15k in a high yield money market account...make small deposits periodically and pretend its not there and let compound interest do its thing. 2.Put 15k in medium/high risk diversified mutual funds and maybe put a small portion into some ETFs. 3.Deposit about 10k into my Scottrade account and continue learn more about swing trading and capturing short term gains...develop strategys..track performance etc 4.Take the remaining portion and treat myself to a couple of nice meals...maybe a weekend vacation...a couple more monitors and maybe some training classes with a prop firm. I plan to workk full time at a bank or other institution while getting an MBA...so I won't need any of this to pay monthly living expenses. So basically what I want to know is, am I taking on an appropriate level or risk for my situation? Is there something I'm maybe missing?Should I bother with mutual funds? Any advice or input is much appreciated. Sorry if the post was a bit long.