scotslad60
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Send it ALL to me and I'll invest it wisely for you. ;p |
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M P
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Find a financial counselor - make sure he has a degree or two. This person s/be able to advise on taxes, investments, etc. and help you plan for your future. |
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nosy old lady
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Spend, spend, spend, enjoy yourself, it's later than you think. |
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syllylou77
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First I'd take 10% off the top and put it in a high interest account & start a foundation and use it for charity. That way it can earn more for charity while giving it away.
Then I'd take half of what's left (18,000) and do the same, only a trust.
Then take half of what's left of that (9,000) and invest in a solid mutual fund.
Then half of that (4,500)in a high yield savings account.
Lastly put the rest (4,500) in an interest bearing checking account. That way you can have a little fun and still earn interest.
BUT if you have high interest credit cards, mortgage, car payments, etc. I'd pay them off first because overall you save so much money it's the same as earning higher interest than the stock market or interest bearing accounts pay. |
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Varisha
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What u mean u dnt knw what 2do lol!!! xxx save it in ur account coz one day dat 40,000 may be needed 4 sumthng very important and u myt regret ever spending it!!!! until ur a rich retired pensioner then u can spend dat 40,000 hehehe :P xxx if ur generous support a charity, anyway da good part of having money is helping others dat are less fortunate x x x |
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PRISCILLA C
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save some and spend some so at least you get to have some fun and still have money in the bank for a rainy day. |
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mister ed
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first pay off any debts you might have i do not know of any investment that pays higher rate of return than debt interest
second put aside at least 6 months in a rainy day fund to carry you in case you lose your job (this is in a very liquid account ( you could ladder cd's so you have one coming due every other month)
third i would buy some long term cd's at least l5%
then i would buy depending on age some quality mutial funds
25%
then i would buy some corp high quality bonds 25%
then depending again on your age i would look for some blue chip stock unless you are an old fart like me i would put it cd's and bonds!!! |
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futuretopgun101
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Save it till you really need it. I guarantee that in the future that there will be rainy days and £40K will come in handy.In between jobs for example or if you or your family fall ill.
High interest savings accounts for any major bank is a good bet. You probably wont be able to touch the money for a few years but it will grow.
Stocks and shares will get you more money but its not guaranteed and unless you know what you are doing it could disappear very quickly. |
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Tiggy want's a bit.....
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40,000 pound of What!!!! if it manure send to the first greedy guy...... |
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elvira d
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hmmm, interesting, you dont mention pounds of what? but if you're talking about money...thats a whole different story! use it wisely, you dont want to kick yourself later on. |
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motoji pine-tree
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I think we shouldn't think about the quantity, should be thinking about the object of investment. |
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iluvfood
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Speak to a financial advisor, in the nean time put it into a high interest account so you can make some money off it while its sitting there. Good luck xx |
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hottotrot1_usa
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Put it in a savings or investment account. Earn interest. |
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JAMES
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The best investment you will ever make is property.
If you can try and invest it that way.
short term loss, long term gain!!!! |
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