from an insurance policy. What should I do with the funds?
2007-01-05 07:34:44 · 12 answers · asked by JD2B 2 in Business & Finance ➔ Renting & Real Estate
You are going to get dozens of answers that say, get a financial planner and another dozen that suggest you send some of windfall to them. The biggest suggestion I have is to not rush in to anything. Put the money in safe, but accessible products such as Certificates of Deposit at a bank until you have interviewed a few financial planners. If you are interested in real estate as a place to invest the money, you may want to interview a few realtors as well to get some ideas on how best to get the highest yield. So much has to do with you comfort level of risk, how much personal effort you want to put into managing your investments and other factors. Good luck!
2007-01-05 07:39:33 · answer #1 · answered by larry r 3 · 2⤊ 0⤋
Buy some property and place some renters in there. Great time to see your money work for you while you sleep. Depending on your region or prices in your area. You could also buy a Gas Station, Storage Facility and attach a Uhaul Center with it. Possibly purchase a Apartment complex and have many people pay for your dreams. If you are not debt free well become debt free fast. Also remember to take at least 1% of the money and do something for yourself. Take a trip. Buy a car. Buy a plasma television. Really make you happy. Good luck and congrats on the new money.
2007-01-05 08:47:12 · answer #2 · answered by Openthathouse.com 4 · 0⤊ 0⤋
Put it in a bank with a high intrest rate for untouched funds, continue living/working as normal, then use the intrest after the first year to pay all your bills. Then take a vacation, you deserve it for being so patient.
$1,000,000 @ 7.5% intrest = $75,000/year.
(It's worth the wait, retire early!)
2007-01-05 07:39:22 · answer #3 · answered by jirstan2 4 · 1⤊ 0⤋
not solicit investment advice on here. Go see a financial advisor! In fact, make appointments with 3 different ones and tell them that you have 200k and would like them to set up a plan for you. You'll quickly see which one is serving your interests and not theirs.
2007-01-05 07:37:17 · answer #4 · answered by digdowndeepnseattle 6 · 2⤊ 0⤋
Invest it wisely continue working as normal! Easier said then done, since none of us are in that situation!
2007-01-05 10:07:46 · answer #5 · answered by CEESONE 4 · 0⤊ 0⤋
Hire me as your assistant. I'll work for only $90,000 per year.
2007-01-05 07:42:06 · answer #6 · answered by Andy Jones 2 · 0⤊ 0⤋
Invest it and make more money after you pay off your debts.
2007-01-05 07:36:35 · answer #7 · answered by BlytheLyssa 3 · 1⤊ 0⤋
Buy property
2007-01-05 07:36:41 · answer #8 · answered by jonah 5 · 1⤊ 0⤋
speak with a financial advisor...
Brett Messier
PlanetBrett@aol.com
2007-01-05 07:36:30 · answer #9 · answered by ondreforsure 3 · 0⤊ 0⤋
hook me up with $6K so that I can pay off some debt !
2007-01-05 07:37:05 · answer #10 · answered by Anonymous · 2⤊ 1⤋