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Lots of advice to put your money in the stock market. Have you seen the stock market this year? Don't get me wrong, the stock market is a perfectly great place

by anonu 8y ago

Lots of advice to put your money in the stock market. Have you seen the stock market this year? Don't get me wrong, the stock market is a perfectly great place to park your money, and it's basically back stopped by the US government. My suggestion is look to invest elsewhere. Invest in real estate, invest in businesses. The latter, as you now know, can create much more wealth than the stock market. The end goal of this isn't the money at this point. It's to build and be creative. It's not for everyone. Just my two cents. EDIT: If you do put your money in the markets - invest in a handful of low cost and well-diversified ETFs. Hiring an advisor could be a good idea - but make sure you know their fees.

joshmlewis 8y ago
This is full of bad or not helpful advice. > Lots of advice to put your money in the stock market. Have you seen the stock market this year? Investing a large sum in the stock market like this is not meant to make quick money, it's for the long term. If you invest in funds that follow the S&P500 it's statistically going to bring solid returns over the long term. This will allow you draw a salary from the returns keeping the principle intact. > Invest in real estate, invest in businesses. Investing in real estate and businesses should be a small piece or even hobby until you really get a grasp on it. It's an easy way to lose a lot of money. > The latter, as you now know, can create much more wealth than the stock market. It can but again great reward = great risk. Angel investing is a full time job in itself and unless you have the right connections with the best companies it's very difficult to do the right deals where the 10x returns happen. > Hiring an advisor could be a good idea - but make sure you know their fees. Not just know their fees but make sure it's a fiduciary and not just a broker. A fiduciary advisor is legally obligated to put your best interest first.

by anonu 8y ago

joshmlewis 8y ago

This is full of bad or not helpful advice. > Lots of advice to put your money in the stock market. Have you seen the stock market this year? Investing a large sum in the stock market like this is not meant to make quick money, it's for the long term. If you invest in funds that follow the S&P500 it's statistically going to bring solid returns over the long term. This will allow you draw a salary from the returns keeping the principle intact. > Invest in real estate, invest in businesses. Investing in real estate and businesses should be a small piece or even hobby until you really get a grasp on it. It's an easy way to lose a lot of money. > The latter, as you now know, can create much more wealth than the stock market. It can but again great reward = great risk. Angel investing is a full time job in itself and unless you have the right connections with the best companies it's very difficult to do the right deals where the 10x returns happen. > Hiring an advisor could be a good idea - but make sure you know their fees. Not just know their fees but make sure it's a fiduciary and not just a broker. A fiduciary advisor is legally obligated to put your best interest first.