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Use knowledge you have that I don't which you might have used to bring in the $500K in the first place. I can tell you about things in my industry that are gre
by gexla 16y ago
Use knowledge you have that I don't which you might have used to bring in the $500K in the first place. I can tell you about things in my industry that are great investments, but you don't know my industry like I do unless you are at the same place I am. Listening to others would be too big a leap of faith for investments which are considered high risk.
If you received the money from the lottery or from inheritance, you are looking for a way to quit your job flipping burgers and you insist on high risk, then put all your money on red or black on a European Roulette table. If you win, then quit while you are ahead and move your risk outlook to low. If you lose, then at least you lost it quick rather than painfully watch it dwindle over the course of months / years on bad investment advice from total strangers.