Quote:
Originally Posted by Nawah
My father's estate is not yet settled. When it is settled, I'll inherit about $200K. Any suggestions on what to do with the money?
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Do you have any experience with investing?
How would you be about getting an online brokerage account and buying selling / investing that money yourself online?
Learning how to do all that?
If you have someone do the investing for you, you pay heavy commissions and make less money.
If you are willing to learn about all this stuff. And do a LOT of hard work - investigate any company you might invest money in - checking out their financial statements for example, then you can make more money.
For example, if I gave you the company name...
Global Aviation Holdings
Would you be able to find their financial statements and tell me if they are making money or not?
When you buy "corporate bonds", you are loaning the company money...
Would you loan money to a company named "Solyndra"?
For now I would recommend you get the book...
"The Bond Book" 3rd edition
(Everything Investors Need to Know About Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and More)
by Annette Thau
Read it cover to cover before investing one cent.
Amazon.com: The Bond Book, Third Edition: Everything Investors Need to Know About Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and More (9780071664707): Annette Thau: Books
And find an independent investment advisor who you pay cash to for advice. Perhaps $100 an hour. Do not have ANY accounts with that person. So they would have nothing to gain (commissions/kickbacks) from the investment advice they give you. Have that person double check anything you are thinking about investing in. Warn you off if they can find anything nasty. And do your homework as well.
If you pay $1000 for investment advice, that is a good deal as opposed to losing 200K!
And don't listen to any investment "buying" advice on the internet or TV. Use your own research.