What should I do with all the money that I just inherited?

Jennifer

The best and also hardest thing to do would be give it to people in need. there are people dying in the world because they can't afford necessities. that way later in life when you are kicking yourself for something stupid you did or have done you can say "I saved lives by giving away money I would have loved to keep" I think that would be an amazing thing to do. think how many lives you could save.

lochmessy

Gold is at the highest it has ever been, not a good buy, it can only go down. you don't want to buy things that are at the top, you want things that are going to make you money.
First you should not do this all on your own. I have a friend who inherited a lot of money and is now broke. Through part of this the joke was -how do you make a small fortune- start off with a large fortune and invest it poorly.
Ok, being somewhat in the situation that you are, my husband and I have both inherited millions from both sides of our families, so I have knowledge of how to handle getting hunks of money and how to deal with it so you don't go through it all at once and can eventually make money. Right now is not a time to look to make money, just look to hold onto to what you have and make a little.
First, get yourself a good stockbroker, someone from one of the big companies, someone who is going to talk to you honestly, take your ideas and give you their ideas. Best thing now is stay away from stocks and put money into bonds and CD's. You won't get the big double your money, but you don't need that. You have plenty of money. you want to keep it, and even at 2% or 3% interest you are doing find with bonds, they are secure, as are CD's where you get a higher rate and you can afford to lock a good deal of the money into a 9 year CD and get about 6 ot 7% interest. But get a good stockbroker first and let them give you advice. I'm just telling you what we have done so we have money to live on, very well, and know we have money for retirement.
Also, remember, take some of that and live it up.

Mr. X

Put it all in a bank and forget about it for a few years.

Geoff Gardner

buy beach property on your favorite beach, LA maybe, or hawaii, or any other island, then I would have all my friends come stay with me and assign them jobs, kinda like entourage. And probably buy a bunch of controlled substances after financing my own movie. cause after making my first masterpiece ill be able to make way more than a measly 5 mil

litlfitz

Don't spend it all at once make sure that you have enough put away for your golden years. However with this much money you can have a fun filled extra ordinarily good life so enjoy it.

Buzz

Do what ever you want.
But save some!

acid_wir3

me? buy a business? like a medical supplier (medical stuffs never get bankrupt since everyone get sick)
buy my own house save money for my kinds in the future for college buy a nice car not a ferrari just benz then uhhmm. pay my debts buy another business or make an apartment compelx if the money is enough that way you will never run out of money! seriously money can buy happiness if your happiness is for that good of your family

DestinyLynn

Go find a personal financial advisor, they will set up your bank accounts. But more importantly they set up thin thing where you will get a certain amount of money each year for like 30yrs, so you dont spend it all and have nothing left. So in your case if it was for 30yrs you would get just over $176,000 a year. You would actually get less because they leave some out in the beggining so you can splurge, probably like $50,000. You should really watch this show on tv about people who won the lottery, it shows what they did and stuff; it could really be helpful in your case. I think its called I won the lottery, but idk for sure.

She's the greatest dancer

Give me 3 million and then we will figure out what to do with the rest of it okay.

gbubble

i would put in the bank or buy bonds. i dont think you should invest right now because the economy is so bad. its too unpredictable and it would be too risky to invest right now!

Amber

buy a house pay of credit cards buy a ferrari!!

Speedfreak

"Give me secession" had it right; gold, silver, precious metals, diamonds, etc.

ijustworkhere

I would hire a financial advisor. I used to work for one and they know all the dangers and benefits of investing. What (investments) worked for one person years ago may not be the same for you today.

Dogs Die In Hot Cars

Save it. Bank it where it will compound steady interest instead of blowing it on something crazy or doing the stock market.

frankie

Put some money in a money market fund. Pay off bills .I would suggest putting your money in cds now,; lucky you! Or, buy a house, car, etc. Just don't fritter the money away.

David

I wouldn't invest anything in the world today. One day you could have it, and the next day the government has spent it.

Put it in a few different bank accounts and leave it there, you can live off the interest alone.

Suburbia

invest!

The economy needs it!

DGP

I could help you spend that.

Luke

i would do A LOT of research and searching. right now is a great time to invest in certain things such as property, etc. so i here, im not an expert u know.

POLiE

invest it... or blow it... either way HAVE FUN!

blueshayzee

invest in a business.

in vest in a home.

INVEST! Not have fun.

Happy Days

I would buy gold and silver

Doodle McPoon

LAMBORGHINI MURCIELAGO

A ROOM FULL OF TURKISH DELIGHT

LIFETIME SUPPLY OF STEAK

xbipolargodx

invest it, so you can have a good life and retire at a good age
obviously you'll want to spend some but you shouldnt spend too much

martinmm

yar , defend it.

Britney F

save it.

mizztery

can we be friends

pat

That's way too much and dangerous to have. Best thing to do is give about $1 million to me, for your own safety.

nikki

that's a lot of money.
I'd probably go see a financial advisor.... y!a isn't the best place to ask what to do with 5.3 million haha.....

wow

you lucky person.

Fun China

Holy crap. That'd be sick. I'd pay off all my debt and buy 1000 munchkins.

ali87holla

i have two kids plz help help me can you give me 50,000 dollars

Nova

Pay off any debt you have. Put half in the bank and check on it in 10 years. Buy a plot of land in California to start a solar farm on then sell the power to the power company. Take that vacation you have always wanted.

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