If you have US$400000, how will you manage it?
2006-12-30 06:18:54 · 11 answers · asked by lam d 1 in Business & Finance ➔ Personal Finance
Whatever you do, do not put it in the hands of financial advisers or other sharks masquerading as so called "professionals". They will charge you about 1% and do nothing you cannot do your self very easily and enjoyably.
If you have no idea about the stock market and do not wish to learn, put $100,000in a bank a/c at about 5% and the rest in a cheap index tracking mutual fund. You will do better than 90% of fund managers.
I am not charging you anything for this advice
2006-12-30 08:14:31 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Consult multiple financial advisors. Compare their fees and plans. Then, choose a plan and stick with it. With any amount over $20,000 I HIGHY recommend using a professional. Also, at that dollar amount, it would be cheaper for to pay an advisor by commission rather than an annual fee. So, check out your options and review long-term performance.
2006-12-30 07:21:59 · answer #2 · answered by MR MONEY 3 · 0⤊ 0⤋
It depends on your risk tolerance, values, goals, and your age. Meeting with a good financial consultant can help guide you in the right direction and giove you advice, but remember that you are the one making the final decision, not them.
2006-12-30 06:36:09 · answer #3 · answered by mcdaid36 2 · 0⤊ 0⤋
Pay off a few debts.. put the max (5k in a Roth IRA) and invest the rest in mutual funds and watch it grow!
2006-12-30 06:22:30 · answer #4 · answered by B G 2 · 1⤊ 0⤋
Do you really have that kind of money?If so pay all your bills and house ect off.Have a saving and checking account and then a fun account.put stocks and bonds,invest wisely.
2006-12-30 06:27:11 · answer #5 · answered by Dew 7 · 0⤊ 0⤋
I pay off all the credits and school loan. After that, I 'll give some to my family and I am back to HONG KONG!!!
2006-12-30 06:40:35 · answer #6 · answered by Webballs 6 · 0⤊ 0⤋
Very carefully
2006-12-30 06:21:11 · answer #7 · answered by ? 2 · 0⤊ 0⤋
I would donate half of it to charity and save the other half for my kids college fund.
2006-12-30 06:27:09 · answer #8 · answered by wenhan333 2 · 0⤊ 0⤋
Very carefully.
2006-12-30 06:20:43 · answer #9 · answered by Alberto Cinco 3 · 0⤊ 0⤋
personally i would invest it all (after paying off my house) i would invest somewhat conservativly, but try and make it grow until i retire
2006-12-30 07:11:14 · answer #10 · answered by swenjj 4 · 0⤊ 0⤋