Managing a windfall

[Ray Zee]

if you can swing it owning your own house is a no brainer. especially with the 2/5 rule for taxes. you can move everytwo years and collect appreciation tax free.
plus if you keep it in 20 years you own it free and clear while the other way you are still paying rent which goes up as your portfolio does. unless we have inflation, then rent goes up inversely to your portfolio. not good. renting is good if you move alot or have a fear of owning something that may tie you down somewhat.
i have met many people that said they should not have invested in stocks but never one that said they wished they didnt own their own home. own both

[snowbank]

I heard a saying somewhere: "whether you rent, or whether you buy, you pay for the space you occupy"

Somethin like that. Anways, buy. There's almost no reason not to if you have the ability.

[ajm36]

Buy a copy of William J O'Neil's book "How to Make Money in Stocks". If you like that book, take a look at Dave Landry on Swing Trading and The Master Swing Trader by Alan Farley (Alan has a web site as well called thehardrightedge.com with lots of free educational material). Also, check out a web site called Tradingmarkets.com. If you want to ride the equity see-saw of mutt funds and have low returns over the decades, you are on the right track. However, with that kind of capital and at your age, you need to be MUCH more aggressive. It will take some time, but with that much money and enough determination, you can be well on your way to a whole new career free from office buildings, daily commutes, and bosses. Just take my suggestion, do YOUR OWN research, and see if the life of an equities and derivatives trader is for you. Good luck.

[DesertCat]

[ QUOTE ]
Buy a copy of William J O'Neil's book "How to Make Money in Stocks". If you like that book, take a look at Dave Landry on Swing Trading and The Master Swing Trader by Alan Farley (Alan has a web site as well called thehardrightedge.com with lots of free educational material). Also, check out a web site called Tradingmarkets.com. If you want to ride the equity see-saw of mutt funds and have low returns over the decades, you are on the right track. However, with that kind of capital and at your age, you need to be MUCH more aggressive. It will take some time, but with that much money and enough determination, you can be well on your way to a whole new career free from office buildings, daily commutes, and bosses. Just take my suggestion, do YOUR OWN research, and see if the life of an equities and derivatives trader is for you. Good luck.

[/ QUOTE ]

Or you could just cash out everything and set it on fire. Not only would it be more fun, but I'm pretty sure it will offer returns similar to "swing trading".