Hey /adv/. I'll be inheriting around $120k CAD in a month

Also sorry for the weird formatting. I'm a little drunk rn.

>>>/biz/
they'll know much better

Overthrowing your fucked government

Invest in my future.

>>18677061
Put half in a bank, for the deposit insurance. Pick the best interest you can get, but mainly this is just for guaranteed no-loss.

Put a third in the stock market. For a beginner the best choice is a no-load index-linked mutual fund (If you don't know what those words mean, look them up). The stock market is not guaranteed, and can go down, but in the long term it will rise.

Use the final 1/6 to buy yourself a present - new car, travel, whatever

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>>18677061

Personally, I would: Take 10k for fun and travel now, then: Stow all the rest away in a high savings bank account. After that: Research the SHIT out of wealth management. As with anything, there's a lot of info out there on the subject. But there will certainly be an organically crowd-approved set of premier/best works.

Basically, do not rush this. Take it slow, very slow, until you can consider yourself an expert. Then you can feel confident about using the money beneficially.

I would begin by looking for some kind of essential reading list. Like pic related, but for finance.

>>18677061
Dont rush ill say that much.

Also read about cryptocurrencies.

My friend told me etherium was going to take off when it was 7 dollars in january and mentioned i wanted to invest 2k in something. Went up 4000%. I had forgotten to look at all.

I wouldnt be jumping all over that one now but that opens avenues for you.

>>18678112
STOP TELLING PEOPLE

WE NEED MORE TIME TO ACCUMULATE

>>18677061
Invest in self-driving technology. It's stocks're currently predicted to skyrocket

Throw it in a couple index funds. Pick ones that have low fees. They arent as flashy as other investments but they're almost gauranteed to grow and its one of the safer investments.

you want to talk to somebody who works in financial services rather than asking randoms on 4chan.

personally would skim 15k off that and travel for a year.

>>18677061
Go to your bank, they should give you free financial assistance. Basically they'll have a financial advisor but he will not charge you stupid fees. He's just going to put your money in an ETF to help grow it. You wont get a lot of money back, but over many years boy that money will get rolling. I think thats a good idea, if you're 35 right now, even 60k could grow to a 330,000 by time your 70(retirement.)

Get a good money guy to invest it for you. We'll take a percentage off the earnings, but that's just more motivation for it to perform better. He's a professional and you obviously don't know what you're doing.
Take $10k for short term fun and forget about the rest and let your money guy handle it for the next 30 years and you'll have over 2 million bucks in the bank.