My father left me a little bit of money. What should I do with it.? (1 Viewer)

[saintpack]

Looking for advice financially. I've never had over 3 grand in my bank account. Now I have a lot more than that. What should I do with it? Stock market? High yield saving?

 

[tenordas]

Don't get greedy. Look for safe investments, not high risk.

 

[efil4stnias]

This has potential...

 

[rail]

Hookers and blow.

 

[superchuck500]

Returns on high yield savings are solid enough now you can go there right away (make sure it’s an FDIC institution) - and then decide if additional diversification into higher returns (at risk) is sensible. These are easy to set up and you can connect the account electronically to other accounts to allow for access and movement as needed.

It really all depends on how much of it you can truly leave alone to attempt to grow it. If you’re gonna need to dip into it all in the next 12 months or so, you’ll need to keep that part in non-risk.

 

[guidomerkinsrules]

Houseboat

 

[CapitalCitySaint]

Looking for advice financially. I've never had over 3 grand in my bank account. Now I have a lot more than that. What should I do with it? Stock market? High yield saving?

You can give it to me. Thanks!

 

[where yat brah]

Put it all on black

 

[Zack Lee]

Discover has 5.3 on a 9 month CD right now. That’s a good start to give you 9 months to make a plan.

 

[Cage1]

Depending on how much it is, probably hire a professional financial advisor and not dump it into free advice from an internet football message board.

 

[Zack Lee]

Depending on how much it is, probably hire a professional financial advisor and not dump it into free advice from an internet football message board.

You are going to be so sorry that Pro told you to stay away from zackcoin

 

[guidomerkinsrules]

Depending on how much it is, probably hire a professional financial advisor and not dump it into free advice from an internet football message board.

 

[Cage1]

You are going to be so sorry that Pro told you to stay away from zackcoin

I mean, he/she may not. You won't know until to hire them.

 

[bigdaddysaints]

Don't leave it on your table and let your dog eat it like those people did last week.

 

[jboss]

Looking for advice financially. I've never had over 3 grand in my bank account. Now I have a lot more than that. What should I do with it? Stock market? High yield saving?

You can open a savings account at an average of 4.35% yield, maybe higher. If you're not accustomed to investing or moving money that's probably your best bet.