Lets say you are given $100000 inheritance. You want to grow that money as fast as possible and as safe as possible.

[testdepth]

For those out there doing this or been there done that what is your advice?

Invest in S&P 500 index fund
Buy real estate
Buy RV park
Buy rental units property

60yrs old with only debt being a house payment at 3.75% interest. Retired military, VA disability and retired from civilian government service here in a few months. Social Security at 62.

 

[Eggmanmja01]

Sub'd

 

[GFB]

Fast growth and safe? Man, I have no clue because those things seem opposed. In for input.

 

[rumrunner55]

buy 100k worth of stuff to flip thats the only way otherwise safe is 4.5% in a HYSA

 

[Psilloh1]

I would advise you to get a proven financial advisor.. I Did 35 years ago. Best move I made we work well together on diversifying and play with some speculative stocks that have had handsome returns…

He was big on mentoring me on real estate that I started buying over 25 years ago….

 

[rumrunner55]

 

[moosensquirrel]

With gold and silver, you have a prayer

paper investments, nothing but air

 

[ADAduckhuntr]

H&B

 

[My name is Homer]

1: Pay off any debt or sale everything to do so
2: Top off Both IRA's for the year with enough in savings for the next
3: Same with Mutual funds

If you have more than 100k in debt stay at #1

 

[edman99]

Land. Not real estate.