> Inheritance finance question?

Inheritance finance question?

Posted at: 2014-12-05 
First you have to understand that $25,000 is not an amount that can provide you with an adequate income. It is only a small start. But at your age you have a long way to go. With $25,000 you could by a few shares of several good companies, but if you don't know what you are doing the money could soon be lost. Investing in CDs is safe, but essentially a waste because the yield is too low. The amount is too small for a good real estate investment. If you advertise to invest in a business, you will have hundreds of offers and most of them would wipe out your investment in a short time. So that leaves the stock market. You may want to put some amount in a savings account as a safety buffer, say $5,000. You could divide the rest among 3-4 mutual funds that meet your investment goals. A good approach would be to call TIAA-CREF or Transamerica, both known for having low fees, and ask to talk with an investment adviser. Explain your situation and listen to what they have to say. Be sure you invest only in no-load funds. And study the prospectuses you get from them to get a better idea of what they did in the past before you make a decision. If the funds earn only 7% a year, you would double your money in 7 years. Many funds do better than that.

Not really. This money belongs in the bank as your nest egg. [Most of it in CD's at 1% for a 1 yr term. You might get a cash bonus for signing up.] [1% = $250, before taxes.] You will save money staying on top of your bills. {no monthly bank fees, pay off credit cards in full every month, pre-pay bills when advantageous [example: pay $1100 up front for one year of car insurance instead of $100 x 12 months. You have just made 9% tax free with your money.] , etc.}

Your future may contain car, college, wedding, honeymoon, house, children,,, and you will not have to stress about money with this nest egg.

{When needed, a sensible new car that will be dependable for 10+ years is actually a good purchase. No repairs for a long time, not buying anyone else's troubles, etc.}

For financial security, you need a good job long-term.

Yes, of course. If you want to invest in some safe stocks, look up some blue chip companies (well-known, reputed companies) and buy some shares and just hold it for several months.

I inherited $25,000 from my late grandfather on 5/21/2014. I want to stay financially secure. I dont go out spending unnecessary monies at all, but i would like to have residual income. My question is, are they're any stocks, or business ventures that i could possibly explore to keep myself financially stable? Im 28 years old with some college education, if that helps.