Just got $534k inheritance wut do misc?

[JerseyFinger]

So, my mother passed a way when I was 14. She was supposed to inherit my grandmothers estate, and according to my knowledge, we did. My siblings and I all got $27,000 when we turned 18 and I blew threw it in 3 months like a jackass. Come to find out now, there was land and mineral rights that they were waiting to sell (my scumbag uncle was in charge of the estate, who knows what else I should be getting). Anyways, I just got a call from our lawyer earlier this week and I'll be getting a check cut for over half a million. What should I invest in? I'm in school right now. I finally got back in after dropping out halfway of freshmen year during spring break to party like an animal for 3 months. I want to be smart misc. What should I do?

[hendrixfreak70]

Slide me about 100k so I can pay off my house. Once that happens, I am going overseas as a missionary.

[JerseyFinger]

Slide me about 100k so I can pay off my house. Once that happens, I am going overseas as a missionary.

Sorry brah, maybe if it was 534M. Lol. Seriously though, what are good investments? I don't want to be taken advantage of by some fukin investment firm idiots.

[TimDF]

From your past I can see you will fuk this up big time.

Good luck though.

[TheAmazon]

Sorry brah, maybe if it was 534M. Lol. Seriously though, what are good investments? I don't want to be taken advantage of by some fukin investment firm idiots.

lol at getting serious advice here
...you could give me 10 k

or hire a financial planner? ..

[Kylevolution]

From your past I can see you will fuk this up big time.

Good luck though.

This,

and for that reason alone,

I am out.

[AceRok]

Ummm, srsly? Seek a financial advisor and/or CPA for high net worth individuals. GTFO the misc for this kind of advice.

Also, you can just live off the investment interest for the rest of your life, don't blow it:

http://www.mrmoneymustache.com/2012/...ly-retirement/

[Beatsqt]

I'm Barbara.

















I'm out.

[TheLawDawg]

Find a trustworthy lawyer who works in the area of trusts and decedent's estates. He can review the estate / trust docs and advise you as to whether your uncle is doing it right or ripping you off. It will cost a few thousand, but no big deal given the value of your inheritance.

Next, find a good financial advisor who won't push a bunch of high fee managed funds. Invest a portion in stocks, and a portion in more secure fixed income investments such as bonds. A financial advisor / portfolio manager will know how to handle it. When they tell you about this "awesome" managed fund, ask about performance net of fees. Then you'll get a real picture of your likely returns.

Cliffs: Get a good lawyer, get a good financial adviser, invest the money, and then forget it. Also, buy a modest house when you're ready.

[JerseyFinger]

From your past I can see you will fuk this up big time.

Good luck though.

I really hope not, but it is tempting to say fuk it, drop our, and go buy some blow and party it up. (Always wanted to go to Vegas)

lol at getting serious advice here
...you could give me 10 k

or hire a financial planner? ..

Lol, I don't trust those snakes TBH.

This,

and for that reason alone,

I am out.

Meh

Ummm, srsly? Seek a financial advisor and/or CPA for high net worth individuals. GTFO the misc for this kind of advice.

Also, you can just live off the investment interest for the rest of your life, don't blow it:

http://www.mrmoneymustache.com/2012/...ly-retirement/

I really don't trust those people bro. I want to live off this, but what do I invest in???? I also get very tempted to ball tf out and have several thousand cash on me at all times to I can buy things for others and ball out whenever I want. Guess I just need to learn some self control?

I'm Barbara.

















I'm out.

what?

[ragingcrayon]

gimme $1k (srs)

then pm me and i'll give u some good ideas

[butwhowasgains]

Lmfao ive done ninjitsu for over a decade, everyday. Ive ripped throats out of my family, ive been involved in fbi, ive punched criminals both on and off duty. What have you done *******? Absolutely nothing and you would curl up n cry in a little ball if you spent more than 2 mins where i have lethally striked.

also

Lol'd. People think that being 5'9 is a disadvantage, but it has its advantages as well. I also have a long reach, and like I said, I'm CONFIDENT in my fighting (killing) skill. It takes but one second to rip someones throat out, or break the carotid artery in the neck. I don't even have to break skin. Have you even been ear-clapped? That's a very easy way to win a fight. Lmao, I've taken out multiple 6'+ people in a matter of less than a minute. Not saying they were necessarily that skilled, and I am so that helped, but I lol every time at people who put such a big emphasis on height, especially when 5'9 is American average and 2" above world average. Makes you wonder what else they value so much in real life.

anyways

Fights are unpredictable, and most of the times not fair. (weapons) Yes, in an enclosed space, size is a definite advantage. I'm certainly defeatable, but also very confident that I will be able to put up a good fight, and that's very crucial if you expect to win, and want to win, every fight you have. Fighting is stupid, and I've only ever done it for self defense. Being smaller has the advantage of being quick, and avoiding being picked up. The advantage of being able to jump onto a giants back. THe advantage of being able to strike faster. Yes, being big has lots of advantages as well. What matters is circumstance, skill, and being able to work with what you have.

[vsportsguy]

The first step is to hire me as your financial adviser

[DanielleGreen]

Hire a lawyer and a financial adviser. Live below your means and don't blow it on stupid stuff.

[TheAmazon]

Well if you don't trust financial advisors get referrals from family members you trust who have their wealth managed well. Also please don't **** this up and blow it all on blow and hookers or something dumb...

also like 10k would really help a sister out, if you are going to make one unwise financial decision JK not srs....sorta.

[jsafari]

Hire a financial adviser. ded srs

[Kreuzritter]

If you do not have a house, buy one. get it out of the way and just do it. its one of the most expensive things you will ever buy and you need to do with while you can.

[Adarus]

Buy a $500k spoon and take the world's most expensive spoon pic.

[devin45k]

Use it to pay to finger the belly buttons of fat chicks (srs)

[mjf100215]

A couple things I didn't see.
Set money aside as an emergency fund. Even with money, you need quick liquid cash for emergencies.
Pay off all debts. I would say that includes marking funds to finish education etc.

And as was said, invest it. Get with a quality planner and work with them to set yourself up so it makes good money for you.

EDIT: Get a will and living will. If something happens, you want a clear directive regarding what should be done with those funds.

[Kylevolution]

Well if you don't trust financial advisors get referrals from family members you trust who have their wealth managed well. Also please don't **** this up and blow it all on blow and hookers or something dumb...

also like 10k would really help a sister out, if you are going to make one unwise financial decision JK not srs....sorta.

lmao

[AceRok]

I really don't trust those people bro. I want to live off this, but what do I invest in???? I also get very tempted to ball tf out and have several thousand cash on me at all times to I can buy things for others and ball out whenever I want. Guess I just need to learn some self control?
what?

http://forum.mrmoneymustache.com/
https://www.bogleheads.org/forum/index.php

Get to reading and posting on both.

Basic primer on investing:

http://www.mrmoneymustache.com/2011/...-stock-market/

http://www.mrmoneymustache.com/2011/...stment-return/

http://www.mrmoneymustache.com/2011/...rt-term-stash/

[PowerRanger]

Invest it all in crypto currency

[JerseyFinger]

gimme $1k (srs)

then pm me and i'll give u some good ideas

Nah, no handouts man. Sorry.

Lmfao ive done ninjitsu for over a decade, everyday. Ive ripped throats out of my family, ive been involved in fbi, ive punched criminals both on and off duty. What have you done *******? Absolutely nothing and you would curl up n cry in a little ball if you spent more than 2 mins where i have lethally striked.

also

Lol'd. People think that being 5'9 is a disadvantage, but it has its advantages as well. I also have a long reach, and like I said, I'm CONFIDENT in my fighting (killing) skill. It takes but one second to rip someones throat out, or break the carotid artery in the neck. I don't even have to break skin. Have you even been ear-clapped? That's a very easy way to win a fight. Lmao, I've taken out multiple 6'+ people in a matter of less than a minute. Not saying they were necessarily that skilled, and I am so that helped, but I lol every time at people who put such a big emphasis on height, especially when 5'9 is American average and 2" above world average. Makes you wonder what else they value so much in real life.

anyways

Fights are unpredictable, and most of the times not fair. (weapons) Yes, in an enclosed space, size is a definite advantage. I'm certainly defeatable, but also very confident that I will be able to put up a good fight, and that's very crucial if you expect to win, and want to win, every fight you have. Fighting is stupid, and I've only ever done it for self defense. Being smaller has the advantage of being quick, and avoiding being picked up. The advantage of being able to jump onto a giants back. THe advantage of being able to strike faster. Yes, being big has lots of advantages as well. What matters is circumstance, skill, and being able to work with what you have.

Lmao, are you that insecure brah?

The first step is to hire me as your financial adviser

Are you trust-able, and actually a financial adviser?

Hire a lawyer and a financial adviser. Live below your means and don't blow it on stupid stuff.

That's the plan man. I think I'll just stay in school. Are bonds worth it?

Well if you don't trust financial advisors get referrals from family members you trust who have their wealth managed well. Also please don't **** this up and blow it all on blow and hookers or something dumb...

also like 10k would really help a sister out, if you are going to make one unwise financial decision JK not srs....sorta.

Good idea. My other uncle (not the scumbag one) seems to do well with his money. I should talk to him about this.

Hire a financial adviser. ded srs

Okay, I'll cave. Will they help me make money though?

If you do not have a house, buy one. get it out of the way and just do it. its one of the most expensive things you will ever buy and you need to do with while you can.

I was thinking a condo, but house might be good to go as well. I want to move tf out of ND, but cost of living is so cheap here. IDK where yet man. Maybe Colorado, but Florida was amazing too. Then I'd be able to re-collab with Genova on the reg.

Buy a $500k spoon and take the world's most expensive spoon pic.

lmao'd

Use it to pay to finger the belly buttons of fat chicks (srs)

lol wut?

[cadetduke]

1. Move Janoy to North Dakota to live with you.
2. Install Cameras.
3. 24hr live stream.

[butwhowasgains]

Freudian projection game strong boyo

[Dirk__Diggler]

No advice other than,

DON'T FUK THIS UP.

[JGats]

Watch this first to put things into perspective.

[derkerkjerk]

Find a trustworthy lawyer who works in the area of trusts and decedent's estates. He can review the estate / trust docs and advise you as to whether your uncle is doing it right or ripping you off. It will cost a few thousand, but no big deal given the value of your inheritance.

Next, find a good financial advisor who won't push a bunch of high fee managed funds. Invest a portion in stocks, and a portion in more secure fixed income investments such as bonds. A financial advisor / portfolio manager will know how to handle it. When they tell you about this "awesome" managed fund, ask about performance net of fees. Then you'll get a real picture of your likely returns.

Cliffs: Get a good lawyer, get a good financial adviser, invest the money, and then forget it. Also, buy a modest house when you're ready.

Take heed OP

Don't know how old you are, but you're still in your heavy party phase from the sound of it. I'd consider talking to both the lawyer and financial advisor and having money put in a way that you won't touch any of it for a long time. Maybe in a few years time you can touch a sliver of it once you're more responsible.

You've been given a great opportunity... let that money go to work for you behind the scenes, and you can finish up a degree in something worthwhile that will make you pretty decent money on its own right. When you're ready years down the line, you'll be comfortable.

EDIT* Don't talk to your uncle about it - go to an independent person outside of your family, a lawyer and financial advisor that IS NOT FRIENDS AND IS NOT RELATED TO YOUR SITUATION.

The last thing you need is your uncle to bull**** you and get you to invest somewhere stupid, or say "trust me with X amount" - your money = your money... find a 3rd party to help manage your funds.

[JerseyFinger]

1. Move Janoy to North Dakota to live with you.
2. Install Cameras.
3. 24hr live stream.

LMAOOOOOO Okay, that's a fukin golden idea, but I don't think I could handle living with Janoy 24/7. I wouldn't mind moving down to Florida and training him on the regular though.

Freudian projection game strong boyo

Lmao, what?

No advice other than,

DON'T FUK THIS UP.

Lol, good advice.