I inherited $80,000.00 recently. What is...?

Question

the best investment I should make with it.???

Thanks for answering.

Answer 1

If you want a basic rule this is a good one. First pay off your debt. highest interest first. If you have anything left, set aside 3-6 months of expenses in a savings account. If there is anything left over spread the money out into thirds. some CD's between 1 and 5 years. Then take some and put it into mutual funds for 5-10 years. Then put some aside for retirement into a Roth Ira.

$80,000 is a good size of money but its not going to make you live on easy street. Have it work for you so you can increase the amount of fun you have later in life.

Answer 2

Why not look into opening up an Investment Grade Life Insurance Policy (Variable Universal Life Insurance or Equity Indexed Universal Life Insurance)? First it has an immediate death benefit/plan completion feature. Also, the policy grows cash value as you make your premium payments. The money grows tax deferred and youre able to make tax advantaged (tax free) distributions via policy loans which you are never required to repay. It simply reduces the amount of the death benefit. For example - "Front load" the policy with some or all of the $80,000 and make monthly premium payments (amt and duration depends on insurable need and investment objectives). Your money will grow (depending on market conditions) over the long term. Lets say it grows to $300,000 20 yrs from now. In most cases youll be able to borrow from that tax free to supplement retirement, etc... It works muich like a Roth IRA without the 59 1/2 limits, etc... Seek financial advice from a professional and see what they say but dont be afraid to mention this type of vehicle.

Answer 3

For maximum gain you can do some research and buy some great stocks that have lots of potential - if you like risk you can take a look at some potentially high return stocks - and if you listen to rumors, the one I hear is TGVI which is TGC Ventures - volume and word on the street is that this .007 stock could go to .05 very quickly now that they have their new offices set up in Atlanta - they are in the health field which is growing by leaps and bounds.

Answer 4

If you are in US / Canada, inheritance would be taxed, so you must put it in right place to avoid Govt. taking it as tax.

Try put it in a cash ISA of any kind. Mutual Fund or any investment where it is tax free.

If you dont want to take any risk, the best thing to do is that this money offshore and buy property through offshore account in place like Dubai, India, Brazil or any long term democratic country where it is as safe as it is in The United States or Canada.

It would give you good returns to invest in growing economy as they grow over 9 - 10% a year on average compared to 2% - 3% in US / CANADA.





For maximum gain you can do some research and buy some great stocks that have lots of potential - if you like risk you can take a look at some potentially high return stocks - and if you listen to rumors, the one I hear is TGVI which is TGC Ventures - volume and word on the street is that this .007 stock could go to .05 very quickly now that they have their new offices set up in Atlanta - they are in the health field which is growing by leaps and bounds.
Source(s):

TGC Ventures International Moves Head Office to Atlanta

ATLANTA, Oct 3, 2006 (PrimeZone Media Network via COMTEX) -- TGC Ventures International (Pink Sheets:TGVI) announced that the Company's head office has been moved to Atlanta, Ga. and is now fully operational. The new head office is located at the Midtown Proscenium Center 1170 Peachtree Street NE Suite 1200 Atlanta, Ga. 30309. TGC Ventures can be reached by phone at [phone] or fax [phone].

About TGC Ventures International Inc.:

TGC Ventures International Inc. is a medically related holding company that is targeting the burgeoning multi-trillion dollar Health Care Services and Medical Devices & Supplies Industry. Value proposition resides in both its knowledge infrastructure and in the host of benefits associated with being a United States publicly listed corporation.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

This news release was distributed by PrimeZone, www.primezone.com

TGC Ventures International Inc.

By Staff

CONTACT: TGC Ventures International Inc. Stanley Chiang, Chairman [phone]

Answer 5

put it in the bank and live a good life buy a new pc and a 30 screen monitor

Answer 6

You should be seeking advice from a financial planner, not people on Yahoo Answers!

Answer 7

Get an education.

Answer 8

put it in savings.. earns more that way. talk to your bank about special accounts. Roth. stuff like that.

Answer 9

Buy some gold.

Answer 10

Get your *** off Yahoo answers, i bet you are a Fat Yank aren't you, VERY FAT