If you want growth, you lose safety. If you desire is safety, you lose out on growth. That said, I am not sure if your question is a real life scenario or just for fun, but it really does depend on how old you are and where you are financially upon receipt of your inheritance. If you don't have life insurance, this might be a good time to get the appropriate policy. Also, may be a good time to pay off high interest credit card debt.
1. If it were me, I would get a trust and put as many assets into it as possible to protect assets and wealth.
2. I would advise you to buy land/real estate as an investment ONLY IF you have a trusted someone to mentor you. Owning property is work. So many folks think that you can just buy an investment property and the money just starts rolling in. If you have little interest/time to become a land/real estate expert, don't do it. Without a mentor, this is a quick way to go broke.
3. As for me personally, I would put 95k in investments that match my risk tolerance and keep the remainder in cash. Statistically, I should be able to double 95k to 190k in 7-10 years.
4. I would NOT significant $$ on depreciating toys like cars and boats.
1. If it were me, I would get a trust and put as many assets into it as possible to protect assets and wealth.
2. I would advise you to buy land/real estate as an investment ONLY IF you have a trusted someone to mentor you. Owning property is work. So many folks think that you can just buy an investment property and the money just starts rolling in. If you have little interest/time to become a land/real estate expert, don't do it. Without a mentor, this is a quick way to go broke.
3. As for me personally, I would put 95k in investments that match my risk tolerance and keep the remainder in cash. Statistically, I should be able to double 95k to 190k in 7-10 years.
4. I would NOT significant $$ on depreciating toys like cars and boats.
