Invest in stock market? Buy land? Hide in your backyard? Vegas? etc......?
2006-09-27 09:27:44 · 9 answers · asked by DrSavage 1 in Business & Finance ➔ Personal Finance
Before you do anything, ask yourself (1) what you want to accomplish, (2) how much risk you are willing to take,(3) How much income you want from the 400k. Then determine what percentage you will put into stocks, bonds, cash, etc.
I would gradually invest at least 50% of it in the stock market. You should take at least 5-6 years to invest it. You should invest it in whatever makes you feel comfortable. Whatever you do in the stock market, (1) INVEST IN HIGH QUALITY stocks and/or mutual funds. Avoid "penny" stocks;(2) Diversify; (3) Be patient. (4) Read some articles and books on the stock market, or whatever you plan to invest in. Go to the library and look at Value Line, Morningstar, and Standard & Poors' Outlook. You can also learn from Quicken, and from MSN on the internet. Also Harry Domash's Winning Investing.com , CEO Express.com, Marketwatch.com and,again, Morningstar.com
2006-09-27 10:08:21 · answer #1 · answered by ? 6 · 0⤊ 0⤋
Pay off my house and all of my bills. Put up a fence to keep my dog in. Take my whole family on a 7 cruse.We would swim with the dolphins while on the cruse. Then I would invest the rest. I would still have over 1/2 left
2006-09-27 16:41:26 · answer #2 · answered by BUPPY'S MEME 5 · 0⤊ 0⤋
Put a chunk of it in a college fund for the kiddo, buy land, consult with an advisor and invest, invest, invest.
I'd also take a trip to the British Isles :)
2006-09-27 16:36:46 · answer #3 · answered by txgirl_2_98 3 · 0⤊ 0⤋
I would still say invest in Real Estate still in booming areas like Texas or Georgia. Check Real Estate websites and check which states are booming and where you can still earn when you buy a property and rent it out. check if it will give you positive cash flow... then this will be your passive income on your way to financial freedom...
2006-09-27 16:33:21 · answer #4 · answered by purplegirl 1 · 0⤊ 0⤋
Buy a beautiful house, pay off all of my debt, maybe a new car for myself and my husband. Put the rest in Certificates and live the worry-free, debt-free life! That sounds sooooo nice!
2006-09-27 16:39:12 · answer #5 · answered by Shelley B 3 · 0⤊ 0⤋
Pay off my brothers' college loans and stick the rest of it in the bank for my college fund. If there was enough left, I would use it to visit my family in Ireland. And maybe pay off my saxophone, lol.
2006-09-27 16:37:35 · answer #6 · answered by Katie C 2 · 0⤊ 0⤋
I would but 4 houses in florida and rent them out and make 4,000 a month income . Thank you very much.
2006-09-27 21:58:20 · answer #7 · answered by jassy 3 · 0⤊ 0⤋
quit my job..
travel..
buy a home..
let that 400k work for me.. i can make that last a very long time
2006-09-27 16:40:51 · answer #8 · answered by do it movin' 1 · 0⤊ 0⤋
Buy a house for my kid.
2006-09-27 16:34:56 · answer #9 · answered by whymewhynow 5 · 0⤊ 0⤋