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So I recently inherited $10,000 upon my grandfather's death, and I have no idea what to do with it. I really want to turn it into a lot and live a luxurious life, and at the young age of 21 I don't believe that's such a far off dream with 10k starting. What do you guys suggest? What kind of account or fund do I put it in for the safest, but still good return? Should I look into investing and learn a lot about it? Any advice helps.
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Buy VOO
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>>976112
>Education/Training
>Reliable used car
>6 month's of life expenses emergency fund
Once you have these, you can start investing. In my case the above cost 60k, so don't invest until your primary necessities are reached.
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>>976112
What a dilemma. If it was my grandpa I would have a lot of guilt to do something for him. I suggest that you save 50% and start up a new business with the renaming 50% as capital. If you want to start a small business with me using bitcoin we can. We only really need max 1,000.00$
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>>976112
Buy an index ETF and forget about it for 30 years, then enjoy it
Add to it if you can
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If you don't know what to do with it, think about a solid plan and in the mean time place it into a money market account. Don't jump the gun on what to do with it, don't tell anyone you have that amount stashed away, and don't ask others irl what to do with it.
If you're not following that advice, it will be gone in a week or two. Don't be dumb, it's not everyday you get this opportunity and this is something that will defy your futureself.
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>>976791
>that amount
>10k
where the reks are the rekkiest
and the keks are the kekkiest
way back home
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>>976146
This shit should be a sticky.
If you don't have this shit then shut the fuck up about "investing". Invest in your future and security first, you can get rich later faggot.
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>10k
>luxurious life
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>>976799
And here you are shitposting on biz.
Go home billy.
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>>976800
This is only said by people whos parents paid for college and mothers ship breast milk through the mail
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One of the best way to do with it is use it to Start your own business. You can also check the link below if you wanna know how Billionaires manage their money.
http://g-tome.com/how-billionaires-manage-their-fortunes/
or you can simply check out the site below if you want to look for motivation. I think the site can help you achieve your fullest potential.
http://g-tome.com/
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