Question

You have just received good news. You have inherited $1,000,000 from a distant relative. You have to meet two goals with the money: one, start a small business and not spend more than $250,000 in total in the next 2 years, and two, save for your retirement in 30-35 years. How would you invest the money? Talk about the type of investments, the amounts in each and be sure to include your risk tolerance. Make the decisions as realistic as you can and have fun with the money!

Answer 1

What a fascinating assignment! What percentage would invest in the stock market? Which companies would you choose? Why? What other investments would you make?

Answer 2

This article has some excellent advice.

http://www.ameripriseadvisors.com/kaushik.1.meisheri/articles/28/six-keys-to-successful-investing/