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Inherited Funds

I am very much a beginner investor. I have inherited some funds from a will and would like some input on ways to invest the money or atleast some direction. I was going to stick the money in a six month cd for a while, while i try to figure it out what direction to take. This way it would be earning some interest at least.

I am not sure if it is best to split up the money and invest in different things or put the whole amount in somthing safe.

Any help or direction would be greatly apprceiated. Thanks!

Reply to
ReRun
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You've given no information that will get you an answer, let alone a decent one.

How old are you? Do you work? Have a 401(k)? Does it match your deposits? You making deposits to maximize the match? Married, single? Plans, goals, etc? How much money is this? What do you have saved already? Owe any money?

It seems this is enough that you are concerned, so the 6 month CD is smart, don't make a decision in haste.

If you spell out your situation, you will get a number of good replies. JOE

Reply to
joetaxpayer

Also, you need to take an investment risk tolerance test and see how you score before anyone can make any recommendations. Time horizon for the funds is also a major factor.

Scott

Reply to
scott

This is an excellent idea.

Like the other reply to you, you have provided no information whereby someone can give you any useful advice at all. However, you may want to start by reading up on any number of personal financial planning books from your local bookstore.

Reply to
PeterL

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