Car Donation Q&A: How Would You Invest if You Were About to Come Into Over $100,000? What Are Some Surefire Ways?
Tuesday, December 21st, 2010Question by LadyK: How would you invest if you were about to come into over 0,000? What are some surefire ways?
I am about to receive a settlement for over 0K and I am interested to know what I should do with the money. I do plan on paying off all of my debt plus my car payment. The remainer I would like to invest into a variety of options. I am leery of stocks. I do have a 401k plan at work which I plan on investing more and I also have some ING accounts which I will probably get more. I am interested in seeing a financial planner. 0K isn’t much but I would like it to grow. I am not in a bind to where I need the money. I just want to make wise choices i.e. IRA’s, money market accounts, small trust fund for my neices and nephew, savings, etc. I do plan on making a donation to charity and start a small scholarship in my name of course.
What should I do with this money?
I should add that I am not looking to buy a house since I still wouldn’t be able to afford it in the area where I live. I could possibly put down some funds on a house and flip the property but that costs a lot of money to do.
I am almost 30 so I am still sort of young!
Thanks ! Keep the advice coming. I appreciate all answers. I did consider keeping my car payment open. I know 0K isn’t much but it’s a sizeable amount to do something with.
Best answer:
Answer by itilian_2
2 words..merly lench!!!! i have almost tripped my inital start account..which was right around to where u are…
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