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Originally Posted by GreyWolf
Don't knock it - well done and congrats 
Couple of things - suggest you do not have that level of balance in any account. You have entered the world of distrust - the next thing to watch for is bank problems and any "new friends". Banks are unlikely to insure that account balance, so worth spreading it.
Another point is - it's worth investing a portion, but only in secure areas with proven growth. Forget the US property market - at least for the moment, but there will be good opportunities there soon. Look wider - there are a number of places with excellent potential - eg one quarter of your balance invested around 4 years ago in the right place, would be worth fractionally over a mill now.
Also remember the international value of your earnings - the dollar is worth less now. That may have relevance depending.... |
thank you for the tips.
I need to go see an advisor eventually, but investments in general scare the shit out of me. I know earning the 3% in a sucker savings account is lame, and leaving money on the table, and eventually will plan on doing something after doing a little homework on investing and finding a banker