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Hello /biz/
Recently my grandmother passed and her home is being sold. I'm one of three heirs and will he receiving a decent amount of cash from the estate.
Nothing is final and I am expecting around 60,000-70,000 USD.
What do I do with it? How do I invest to make the most out of it? No memes please. Serious responses appreciated.
I am willing to give 110% to make the most out of this. I want to take their legacy and set up something that maybe even my grand kids can benefit from.
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>>1266214
put some of it in bonds, some of it in mutual funds, and the rest in stocks so you can play with it
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>>1266346
Thank you anon.
Any tips for good stock investments?
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>>1266392
If you don't know what you are going stick to the basics. Cheap broad index etfs. Less risk than stock picking and cheaper ( usually) than mutual funds.
Just play it cool and don't try to play wolf of Wallstreet or you will surely get buttfucked.
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>>1266392
Put the money in a savings account. Then start reading about "volatility", "moving averages" and "seasonality". having done that, then you should read about Warren Buffett and Charlie Munger's investing style.
Then read about "the Kelly Criterion" via whatever means you have available.
There will always be an equity or commodity or derivative of either that will be over-valued or under-valued. You will never miss out on a market situation to capitalize upon. There is always some valuation in markets to exploit for an educated trader/investor like you will become.
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Curious bump
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Read this https://m.reddit.com/r/personalfinance/wiki/windfall
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