If you inherited ,000. How would you invest it? what would be the safest way to generate more money off of it?
Serious answers only please.
If you inherited ,000. How would you invest it? what would be the safest way to generate more money off of it?
Serious answers only please.
RSS feed for comments on this post. | TrackBack URI
I would dollar-cost-average it into a blended mutual fund. That means put in $5,000 or so per month to the blended mutual fund, keeping the rest in a money market or short term bond fund.
A blended mutual fund contains several different investments so you don’t have to worry about the balance – they do it for you. I like American Century Investments One Choice Moderate Portfolio but many companies have them. Go to http://www.americancentury.com
Comment by Jim L — December 23, 2009 @ 1:22 pm
First you need to find out if you need to spend taxes.
The next thing…is if you really need to…I mean really need to…the rule is to
take 10% – around $7,000 to spend now.
Put the rest in a 8-12 month CD. This stops you from spending it foolishly and
having nothing left. This also gives you time to research other options that will
get you money in the long run. You can look at mutual funds like vanguard, etc.
Comment by Real — December 23, 2009 @ 1:22 pm