Let's say you won the Publishers Clearing House Sweepstakes and got the million dollar grand prize. What would be the best way to invest it to not only produce an income for yourself, but also to make the principle grow to build a legacy for future generations.
I understand the concept of diversification, but picking stocks seems kind of like a crap shoot. Taking it to a finacial advisor may be better, but they often appear to be wrong plus they charge commisions. Mutual funds seem like a good idea as long as the loads aren't too high. Tax free municiple bonds seem like an idea that is worth looking into.
Any ideas are welcome. I'm not looking for professional advice (although that would be great). I'm just looking for opinions and ideas that may have worked for other people in the past. Any horror stories about disasterous investments are welcome too.
2006-07-28
05:26:29
·
6 answers
·
asked by
TJS
2
in
Investing