Go to a reputable financial adviser - it's their job to provide guidance that will help you. Unfortunately, you will be charged for this advice - but that is a small price to pay for decent advice. The best way you can find a decent financial adviser is through recommendations from people you trust. So, look to family and friends that have previously gone through this investigatory phase in their own investment search, and received positive and favourable results.
Try to avoid super-high-risk strategies like FOREX and day-trading, or investing in things that someone down the pub suggested was a good idea.
If I say that the nominal interest rate of stock exchange investments is around 10%, that might give you something to talk about when you meet that financial adviser.
Government bonds are always safe. They will give you a better return than a savings account. You pay a penalty if you take them out early, but it will still make money. You can choose part of it in 1 year or 5 year bonds. 5 years gives better returns of course. Probably the safest investment out there.
I like ETF's. Such as DIA, SPY, or VGT. There are hundreds (if not thousands) of others.
Go to assetbuilder.com and check out Couch Potato Portfolio. With a little study, you can easily diversify your holdings, using various ETF's.
Diversify and conquer.
i dont know
I will be inheriting roughly $75,000. I do not want to touch any of it (I want to prove to myself I can 'make it' without any help from anyone) , but I'm not sure what to do with it.
I do not have a job if that narrows down my options at all (IRA's and stuff) Oh, and I would prefer low risk options.
