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#1
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Investment Advice
I recently came into a large sum of money and I'm looking for investment advice.
I'll be looking to invest ~6.8MIL for myself intending to live off of the income while I attend college. I'm looking for low risk options that still offer a decent return. A friend suggested a bank bond that returns 4% after 15 months. Is that viable for this amount of money? Also I'll be investing 5MIL for a friend. She works as a showgirl in vegas so she doesn't need any of the money for expenses and would like to return all gains back into her capital. Any advice is appreciated. I have absolutely no experience investing any amount of money so please be gentle. Small words, like your talking to a baby. |
#2
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Re: Investment Advice
Rule #1 Do not talk about Fight Club
Rule #2 When you come into a large sum of money come onto twoplustwo to ask for advice about what to do but anyways if your serious pm me and i'll tell you [img]/images/graemlins/smile.gif[/img] |
#3
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Re: Investment Advice
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but anyways if your serious pm me and i'll tell you [/ QUOTE ] I hope you're not considering recommending he invest in penny stocks [img]/images/graemlins/shocked.gif[/img] |
#4
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Re: Investment Advice
nah no penny stocks.....speaking of that sniper I took a bad beat today cause I didn't raise big to protect my hand [img]/images/graemlins/wink.gif[/img] had 20k STTK @ .81 sold 10k +.03 to lock in some profit then I was gonna sell the rest @ .87 jic it was gonna drop hard but then i got greedy and was gonna sell .89-.90 cause i was hearing big news well of course it tops right at my first target and they were holding orders big time and didn't get out til .79....lesson here ....your first instinct is usually the right one lol
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#5
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Re: Investment Advice
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I recently came into a large sum of money and I'm looking for investment advice. [/ QUOTE ] Did you win the Nigerian lottery? Seriously, with that amount of money and no experience, you shuold definately consider talking to a finacial advisor! |
#6
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Re: Investment Advice
No the friend I mentioned won a lawsuit (doctor's misdiagnose led to her husbands death). Due to her previous drug addiction she's giving me half the money and full legal control over the rest to invest for her.
Like I said I don't have any idea how to invest that much I just want to get her a good return, and get myself a decent monthly income without having to spend hours each month working on it. edit: spelling error. |
#7
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Re: Investment Advice
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Due to her previous drug addiction she's giving me half the money [/ QUOTE ] LOLLERSKATES! What does this even mean? |
#8
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Re: Investment Advice
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she's giving me half the money and full legal control over the rest to invest for her. [/ QUOTE ] Noting future tense in that phrase, has the money been transferred to your bank account yet? |
#9
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Re: Investment Advice
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Noting future tense in that phrase, has the money been transferred to your bank account yet? [/ QUOTE ] We have lawyers handling the details, all the paper work has been signed and submitted. The whole procedure should be completed within the next 2-4 weeks. |
#10
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Re: Investment Advice
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No the friend I mentioned won a lawsuit (doctor's misdiagnose led to her husbands death). Due to her previous drug addiction she's giving me half the money and full legal control over the rest to invest for her. [/ QUOTE ] I have doubts about her being off the drugs if she's giving half the money to someone with no experience managing money. |
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