Serious answers only Please! Anonymous Lottery winner here and need someones help on what to do with it!?

Question

I want to invest, but Im not sure how to go about doing it. I have been offered some pretty sound advice that sometimes an investment firm can "steal" your money slowly. Any suggestions?

Answer 1

With half the money, invest in no-load mutual funds (vanguard, t. rowe price, and fidelity are great options). Vanguard would be my choice. Make sure that you invest in only no-load funds (they charge the lowest maintenance fees). And you want funds that follow an index. I would put 50% in a total stock market index, 25% in an international index, 20% in a small cap index, and 5% in a bond index. Every year re-balance your portfolio to maintain the percentages listed above. With the other half, I would invest in a money market or online account that paid out at least 5% in interest. Good luck! Whatever you end up doing, just don't invest in mutual funds that end in the letter "A" or "B." You will be giving up tons o' dinero if you invest in these kinds of funds. And if you ever buy life insurance, make sure it is term (10, 15, or 20 yr). No one needs whole life insurance. So never be suckered into buying it. Hope this helps.

Answer 2

Did you set up a corp before claiming the money so the corp pays the taxes. If this is a pay out rather than a one lump sum pay off then the pay off can continue to to corp if you should die before the term. Regardless, if you are looking for investments just use a index fund. The market has an annualized growth of over 10%. It is safe. You will not lose all of your money, as is possible if you invest in only a few stocks. Is this money for income now or for the future? If you need an income flow then you should structure the funds so you have income now, if it is for the future then you reinvest the money so it compounds. The reports of some investment firms stealing your money is usually from "churning" that is unnecessary buying and selling to generate income for the broker. You do not need to buy and sell stocks if you use an index fund. There are funds that buy the entire market, and funds that only purchase the top 500 stocks. Just read up on some of these types of funds.

Answer 3

I don't know how much you won, but regardless, you could probably learn something by reading what this lottery winner did. He took home over 85 Million dollars and has built a plan to turn it into $1 Billion dollars. Looks like he's heading in the right direction too! Read on.

Oh, feel free to give me some for suggesting this approach..

See the article below.

Answer 4

Open a datek account and invest the money yourself. I would suggest some blue chip stocks that historically have paid a high yield. You could have investment income coming in quarterly while safeguarding your nest egg.

Answer 5

If it is millions get a lawyer - specializing in finance. Then you want to get a reputable advisor...word of mouth is best. If you can't get that then don't put all your money with one person.

I would definitely put alot of the money in a trust - then no one can touch it and you can live off the interest.

Good luck to you.

Answer 6

I am looking for a private investor for the purchase of commercial real estate. I would like to talk to you if you are interested in this venture. Please email me at [e-mail].

Answer 7

don't forget your local Charity's they need help too , if you won a lot it wont hurt to help them too right jesus will love you for it and bless your cash and start a new

Answer 8

You need to find a financial advisor that you can trust.

Answer 9

Manga and plenty of them! They are a blast

Answer 10

Send it to me, and I'm serious!!!