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When I first read the question, I thought Oh boy, there's going to be some asinine suggestions to this one. But this is one of the most sensible answers I can t
by HSO 16y ago
When I first read the question, I thought Oh boy, there's going to be some asinine suggestions to this one. But this is one of the most sensible answers I can think of. Seeking to turn 1 buck to 10 in the markets, and quick, sounds like the beginning of a disaster. Reframing the question to one of passive income, one can view the 100K as a sort of financial buffer that can finance or cushion different forays into passive income generating ideas (for example, take a month off regular work, take 5K (or whatever it costs to maintain your family) out of the buffer, and work on some crazy idea that may or may not work out. You could do this 20 times (although I doubt anyone could be so dumb as to totally lose it all 20 times in a row!) and even if it's all financially unsuccessful, you would have learned a ton! That sounds doable and realistic and actually fun.
On a personal note: I'm in a similar position to the OP, except I inherited the money a few weeks ago, and am still trying to figure out how to go about this. Thanks a lot for this new perspective!!!