where to invest over 50k?

[vanoldschool]

I just received an Inheritance, I am sure Uncle Sam will take about 20k Of it, I want to Diversify to different cds etc, but do not trust stocks bonds, Ira's etc

 

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[RON (PA)]

I would stay away from CD's because the interest on them is just not that great right now. It is maybe 0.5 - 1% higher than a savings account. Have you looked into money market accounts. They have a higher rate and money is easily accessible (in case of emergency). Just a thought.

Also, I would spread it around to different banks. Never put all your eggs in one basket. Hope it helps.

 

[lastleg]

vanoldschool, I don't think inheritences are taxable, at least not now.
Check with a CPA.

lastleg

 

[mrs.oroblanco]

Whether you will owe any inheritance taxes will depend on what state your inheritance came from (not Uncle Sam - just went through this whole deal).


You can send the inheritance here - My address (for real) is 401K Street.





B

 

[lastleg]

ZIP ? ? ?

 

[mrs.oroblanco]

B

 

[snake35]

Diversify!!!!!!! Do not put all your eggs in one basket.

 

[floodcitykid]

If I had that much money all at once, I would be darn careful where and what I invested in. I would diversify, however, unless you know what you are doing in these tenuous times, you can get zapped. There are some bargains in real estate and real estate is always the best investment.

I would seek safe stocks, those that pay monthly dividends like ACG or ARK, most invest in Govt securities and real estate. AVoid the stock bubbles that are fast developing (overpriced stocks).

Gold and silver are good, but personally, I think gold is too high to invest in right now, same with silver. If I put money in such I would just wait until I got a certain percentage of increase then sale for a profit.

Always hold some gold and silver as in coins (999) or 'rounds'/bars

Good luck


Floodcity kid

 

[jamestaylor]

You are in the Pacific Northwest....invest in a recreational piece of property....metal detect to your hearts content and land always has been a good investment....

 

[mark.]

I just received an Inheritance, I am sure Uncle Sam will take about 20k Of it, I want to Diversify to different cds etc, but do not trust stocks bonds, Ira's etc

ROTH

diversifying with at least 4-5 mutual funds..............see ya mark