I recently inherited money from my parents. We are in 30s, both me and spouse work in tech and make a decent living. We already have a house in Bay area we bought few years ago. Right now money is sitting in bank earning nothing. I don't have any time frame in mind. I am willing to take some risk. How best to grow this money or generate decent monthly income?
Give it to me. :)
Buy real estate, index funds, or municipal bonds would be my goto's
Open a restaurant... I heard it has the highest success rate.
Buy stock and in the meantime at least get it in high yielding savings and earn 1.6%
Congratulations. Here's what i would do. Invest 95% in market funds Invest 5% to have fun (whatever that means to you. Personally I would travel)
I'd be careful of investing large sums in stocks right now. I say invest half right now and wait until the stock market crashes for the other half
just like how u invest 2m
Use part of it to pay for some consultation with a financial advisor (you want a CFA, probably). Invest the rest according to the advice you get from a professional with your interests in mind. Not the fucking Internet. P.S. I’m a dog
I’d recommend S&P500 or total stock market index fund for anything you want to invest in the market. It’s vanilla, but fees are low through schwab/vanguard and you’ll be better off than an actively managed fund, or worse, stock picking.
What about Wealthfront/Betterment?
Spend it all on crypto.
Hodl
House? Buy and rent in Bay Area..