How do I go about starting to invest an inheritance that I received?
Answers | 3
The first step is prepare a financial plan to define your goals, your current financial picture, your comfort zone, and what risks to your current finances exist.
Get your self educated about building a diversified portfolio that matches your need for return and risk tolerance.
Find someone you are comfortable with- licensed in Securities- minimum RIA or IAR and independent. Check to see if the person works for a big well know financial company or bank as they are in many cases paid on salary & commission. If you get that you'll more than likely have a conflict of interest and be sold something. From there it is all about how much you have and what you want to do with the money- short and long term goals- what kind of risk are you willing to take vs return, etc....