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Originally Posted by woj
It sounds like you have a nice chunk of $$ to invest, your best bet is to hire an accountant or financial advisor... it will cost you a few bucks upfront, but you will easily make it back within a month or 2...
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Bingo. You must be one fucking moron to have that much money and plain not know what to do with it at what age? Think you said 27. Idea! Take some financial planning classes so you know when some one is ripping you off.
You do need a financial planner. A Certified Financial Planner to be more specific. When they fingure out how little you know, they may take advantage of you too?? So you have to find someone to trust. It prolly won't be a bank.
Investing involves risk. Buying a house is a risk. Read the news, some markets are sliding backwards. So if you are going to take risks, spread that risk around a bit. There are mutual funds, bonds, futhures and all kinds of investment instruments. The bigger the risk the bigger the return (maybe). So things with minimal risk have little return on investment. So you need a portfolio of investments. To do that can NOT be expalined in a post or on a board very well. It's that trust worthy planner you need to find.
Good Luck.