2007-03-16 03:10:07 · 12 answers · asked by TNT 1 in Business & Finance ➔ Investing
The best answer will depend on your time horizon.
The best generic advice would be:
Diversify your investment.
A little bit in cash (CDs), a bit in stocks (ETFs) a bit in bonds (T-bills). I would also throw a bit into stocks with global exposure as well.
This is what *I* would do with that much just given to me. (after making sure I paid the right amount of taxes on it, NEVER forget that part)
That said, I would still diversify my investment. First I would pay off any high-interest debt. Never forget about investing in that FIRST.
I would take a good 1/3 of what was left over and invest in companies that make wind turbines, and companies that refine silicon. Both are used in renewable energy (silicon=solar power), and both are experiencing double digit growth in demand for their products and will likely do so for some time. BUT, I have a LONG time horizon before I retire, so this risky investment strategy would not be for everybody.
The remaining two thirds would be evenly split between foreign-eposed ETF funds, bonds, and cash.
I would then really start socking away cash in CDs, until I had a good year's worth of money rolling around. But I like cash. I think Ben Stein did a good column on that a while back.
BUT
That is what *I* would do. I am not you, so you should get an appointment with a reputable financial advisor who can better tailor an answer. Or just give more details about yourself here, and ask again.
2007-03-16 07:18:34 · answer #1 · answered by Random Guy from Texas 4 · 1⤊ 0⤋
Why so exact? I wouldn't put all my eggs in one basket with that kind of money. Also, if you belong to a church, you should tithe ten percent of course. Search around for the best stocks to save some for yourself and your family. Try to use at least some of it for other people. Money seems to come back ten fold if you use it for good, but even if you don't get it back, it always is better to help others than hoard it all (that's my opinion, so you can use it however you want). Good luck and God bless.
2007-03-16 10:18:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would invest some into stocks and the rest in CD/Savings.
2007-03-16 12:19:08 · answer #3 · answered by HHH 1 · 0⤊ 0⤋
Short term US treasuries. Go to http://www.treasurydirect.gov/. It's free. Returns are about 5%. That will give you a few months to do some proper research. Moving "right now" without careful study is never a good strategy.
2007-03-16 10:19:15 · answer #4 · answered by wc256764 2 · 0⤊ 0⤋
There is one common factor in almost all rich people - they invest in real estate. Anyone who tells you otherwise is trying to sell you something.
2007-03-16 10:13:58 · answer #5 · answered by richmofo 2 · 1⤊ 1⤋
$23,123.44 on my house
$8,336.49 on my car
$10,000 in cds
$25,000 in mutual funds
$200 in my pocket for walking around money
$16.37 three #4 combos at Wendy's with cheese and lettuce
and two Frosty's
2007-03-16 12:33:21 · answer #6 · answered by David L 4 · 0⤊ 0⤋
Go to the bank and take my life savings out, and sell stuff
2007-03-16 10:12:14 · answer #7 · answered by Pancake Man 4 · 0⤊ 0⤋
Stocks.
2007-03-17 02:59:23 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Bullion! Everything is becoming a prodct of some sort of metal.
2007-03-16 10:13:37 · answer #9 · answered by Anonymous · 0⤊ 1⤋
Buy out as many things of ebay i can!
2007-03-16 10:12:44 · answer #10 · answered by TB 3 · 0⤊ 0⤋