2007-02-14 15:51:06 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
The better question is how can you avoid losing it all within two years? Sorry but that is more common than not.
1. Do not make any loans.
2. Do not start a business.
3. Do not get involved with investment advisers who promise you big returns while taking big commissions.
The way to keep it. Do not buy anything, ie cars, vacations, etc. Put it in 3 conservative mutual funds.
If you know you are going to have a longer investment horizon, you could buy some growh funds.
Good luck
2007-02-14 16:07:58 · answer #1 · answered by Gatsby216 7 · 0⤊ 0⤋
you should just park it into an account until you know what you want to do. don't be rushed into "doing something" with the money because it will be gone. read about investing until you feel ready to make a decision based on knowledge and not on emotion. a money market account will be fine until you decide.
people spend money they don't have yet such as tax refunds before they get it, so imagine how much faster the money you do have goes. just relax for a few months. don't touch it.
2007-02-17 20:06:30 · answer #2 · answered by Debt Free! 5 · 0⤊ 0⤋
Get a financial counselor and accept no other answers from idiots here.
2007-02-14 23:54:50 · answer #3 · answered by stonerosedesigndotcom 3 · 0⤊ 0⤋
I suggest you to invest in good stocks. Check the website http://money-review-site.com/shares.html
to learn more on stock trading and how to select the best stocks.
Hope it helps
http://money-review-site.com/shares.html
2007-02-14 23:55:25 · answer #4 · answered by Diana 1 · 0⤊ 0⤋