2006-07-06 16:56:48 · 8 answers · asked by ha-y-n 1 in Business & Finance ➔ Investing
it is a loan should i open a business or what should i do?
2006-07-06 20:48:26 · update #1
You probably got the sum from an insurance policy, if so, sorry for your loss. But life goes on. You need to get with a trusted financial source, and before everyone finds out about your so called "windfall," and they all come running at you full speed ahead!
I cannot recommend an exact source to you because I don't have enough information to provide you with one. I did have over 15 years of experience with the life insurance aspect of your question that could be the best way to answer your question; however, even though that is a possible answer, I still wouldn't know until I talked with you. I would suggest you visit the office of a well known life insurance company and speak with the manager about your situation. He/she might then recommend a few avenues for you to explore and hopefully recommend one of his/her agents that is most experienced in your area of need. Listen to that person, even bring your digital or tape recorder and get his/her permission to record the conversation so as to as to allow your closest friends and/or relatives to listen in and offer you their own trusted advice. Be very careful with that also because some of them might have their own financial interests in mind. Then you can visit a stockbroker and do much the same thing. Then you can call in a certified financial planner (CFP) for the next phase, but be advised that now you may be creating an expense because CFP's don't always work for free; also be careful of a CFP if he is recommending his own brand of insurance company because he/she will also be receiving commiissions from that company if you follow his advice. So there you have a few ways to go for starters. If you need any more "free advice" from the likes of me, my email is jcorcor1999@yahoo.com. Glad to have helped in some way. It keeps my mind active after all.
2006-07-06 17:23:18 · answer #1 · answered by jcorcor 3 · 0⤊ 0⤋
Depends on what you're goals are. If you are looking for safety with no fees go with a Fixed Annuity through directly through an Insurance Company. Not a broker. The Fees can be high and interest not as good.
It also depends on what you are investing it for. A home later, savings, retirement, emergencies, etc...
There are many companies that can offer you safety without paying high broker fees. No need to go through a middle man.
It also depends on your age. Folks nearing retirement age shouldn't put all their assets in Mutual Funds or Stock Market could be too risky for what you need. Certainly dont want to lose this money.
Just my professional opinion. I can put you in touch with someone if you'd like. What state are you in.
Susan
2006-07-07 00:48:44 · answer #2 · answered by Susan C 3 · 0⤊ 0⤋
I suggest you to open a brokerage account at TD Ameritrade and invest in the Stock Market with the help of a Financial Advisor.
NOTE: If you don't have a house then buy one.
Top 4 Answerer in Business & Finance. (Vote for me)
2006-07-07 02:36:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Invest like i did for the last 2 years at www.hbinv.com, they GUARANTEE you 11% a year, so far they did an average of 13.5% a year. They mostly invest in tax lien and mortgage notes.
2006-07-07 00:50:28 · answer #4 · answered by bhaguel 1 · 0⤊ 0⤋
Invest in a mutual fund. The money earns interest while you go about life.
Invest in stocks, but it's risky.
Invest in annuities.
2006-07-07 00:05:40 · answer #5 · answered by Mike R 5 · 0⤊ 0⤋
Simple and best answer: pay off your bills first and then buy a condo/tnwmhome. Then keep about 12 months of reserve funds.
2006-07-07 03:39:36 · answer #6 · answered by 1st Uget D Moni 2 · 0⤊ 0⤋
Real estate florida 27%-75% year, 0 risk.
if you need more information write me
g_zubizarreta@yahoo.com
2006-07-07 00:35:20 · answer #7 · answered by g_zubizarreta 1 · 0⤊ 0⤋
send me half, and I'll let you know:)
2006-07-07 00:00:10 · answer #8 · answered by ? 3 · 0⤊ 0⤋