Given the state of things right now, I'd park your money somewhere secure and live off the interest. Then learn two disciplines : real estate investing and stock market.
Don't turn your money over to a financial advisor, unless they are personally referred by someone with a lot more cash than you. Any advisor you can afford is no good to you because you probably have more cash than them. By all means take advice, but don't blindly follow it and don't turn over control of your cash.
Learn a specific part of the real estate business that attracts you, and steer clear of single family residence homes. With that sort of cash you should be in multiple dwelling properties, or commercial retail, industrial or office buildings. The real estate market is dead and dying a bit more, so in the next couple of years that plum bargain is going to turn up, and you can be johnny on the spot, if you have done the study and learnt what is what. One good commercial property investment and you and your future family could be set for life with a healthy tax advantaged income and growing asset base.
With the stock market, I see a lot of advice here to approach the market, I would do so with a very limited amount of cash, certainly less than $50,000. If you lose that consider it a quality education on the perils of the market.
Learning to be an investor is like any other field and just because you win big in business doesn't make you an automatic whiz at investing. Capital protection is now your number 1 priority.
Oh, and if you're single, don't tell prospective girlfriends about it. You want to know which ones like you for who you are, not your bank account.
Oh, and if you're single, don't tell prospective girlfriends about it. You want to know which ones like you for who you are, not your bank account.
I read an article on HN the other day about signing a contract with a third party entity, that states if you do not sign a prenuptial agreement, when you meet that prospective mate and decide to get hitched. Then said third party is entitled to half of your current net worth.
It is a poison pill, but one that they have to swallow. If you are not married, I would consult a lawyer about setting up that contract with a parent, sibling, best friend or me. The good part is it gives you an out without being awkward when the time comes, you can use the:
"My parents begged me to do it, because they where concerned about my partying with rock stars, the coke and running with the wrong kind of girls, and at the time I had not met my one true love, It's no big deal because we are going to be together forever, right?".
Don't turn your money over to a financial advisor, unless they are personally referred by someone with a lot more cash than you. Any advisor you can afford is no good to you because you probably have more cash than them. By all means take advice, but don't blindly follow it and don't turn over control of your cash.
Learn a specific part of the real estate business that attracts you, and steer clear of single family residence homes. With that sort of cash you should be in multiple dwelling properties, or commercial retail, industrial or office buildings. The real estate market is dead and dying a bit more, so in the next couple of years that plum bargain is going to turn up, and you can be johnny on the spot, if you have done the study and learnt what is what. One good commercial property investment and you and your future family could be set for life with a healthy tax advantaged income and growing asset base.
With the stock market, I see a lot of advice here to approach the market, I would do so with a very limited amount of cash, certainly less than $50,000. If you lose that consider it a quality education on the perils of the market.
Learning to be an investor is like any other field and just because you win big in business doesn't make you an automatic whiz at investing. Capital protection is now your number 1 priority.
Oh, and if you're single, don't tell prospective girlfriends about it. You want to know which ones like you for who you are, not your bank account.