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Lets say you are given $100000 inheritance. You want to grow that money as fast as possible and as safe as possible.
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Not that I've invested an inheritance, but the first one is the one that best mixes gains while minimizing risk. With an S&P index fund, you're betting on the U.S. economy, which has always given good returns over a multi-year span. If it ever did collapse, your investments aren't going to be able to help you and will be the least of your worries.
#2 and #3 are gambling. The biggest risk is that your investment is all concentrated in one place, and highly local variables will determine if it goes up or down.
#4 can be good money, but you have to deal with the headaches of being a landlord. One bad tenant can ruin the whole thing.
I have an aunt who was left with a nest egg. She spends very little and her money is all in CDs. That's an option if you value safety highly while still having some gains.
Not a financial advisor... just my take.
1/3 goes to hookers.
1/3 spent on blow.
1/3 nightclubs and house parties.
1/3 on a small fleet of cars and motorcycles.
1/3 turned over to a financial advisor for wise management.
1/3 spent on blow.
1/3 nightclubs and house parties.
1/3 on a small fleet of cars and motorcycles.
1/3 turned over to a financial advisor for wise management.
Oh, and another 1/3 to a private math tutor. Starting with fractions and percentages. 😜
well, wife inherited 80k from her father in 2012,
she bought a 90k house,
now she owes a little more than 10k left on mortgage
and the house is worth 250k.
that's pretty close to your guidelines.
she bought a 90k house,
now she owes a little more than 10k left on mortgage
and the house is worth 250k.
that's pretty close to your guidelines.
Tesla Stock Baby!!!!
