I could do with some good avice?

Question

Having sold my business for an excellent price, what does a single 21 year old girl with it all?

Answer 1

Save it, trust me.

You won't be able to live off of it.

Don't buy unnecessary things. :)

Answer 2

invest your money from the sale...I recommend an online brokerage firm that has good beginner qualitys {like tutorials or an easy to understand set up}, i use zecco, better then schwab, etrade, etc. they are the only ones with free stock trades, no minumums..all the others will charge you fees for trading, but compare and see for yourself. Good luck and happy investing!

http://friends.zecco.com/r/a7a2877caab81...

Answer 3

invest it in cds so you will earn money that you can spend on your needs and keep the the orignal balance for investing in a good return.invest in realstate,and rent it the rent will be your income to spend and the home or apartment value will increase to give to equity on your property.do not get fooled by bunch of scamers and loose the money.

good luck.

Answer 4

Ask Paris Hilton. No seriously, I doubt your sale of your business has you set for life. So you need to invest it wisely and be diversified. If you don't have enough investment smarts to do it on your own, find a good investment advisor. Good luck.  

Answer 5

If you aren't totally debt free, that should be your first thing. It makes no sense to pay interest on any existing loans just to invest (rate varies by risk). Did you make enough money to live on for the rest of your life without working another day? What are your goals ... short term and long term??? You'll want to keep some cash liquid and then save in different accounts in order to achieve those goals within the time frame. If you need money for something in a year, consider a 12 month CD with the best rate. If you want a long term retirement fund, consider either 401K with income or ROTH IRA with your already taxed money. If you are seeking to buy a home in 5 years for example go with a safe investment. You don't have to put all your eggs in one basket... diversify!!! Educate yourself on business and finance with books by Dave Ramsey, Suze Orman, David Bach, and anyone who can help you decide what's best for you based on your tolerance for risk. If you don't understand an investment, don't invest. Spend only what you need to spend or that money will dwindle away even faster than you earned it.

Answer 6

if you have it all why are you asking yahoo answers sounds more like bragging to me