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My advice is to not take advice from this board. Get the pros involved- attorney, investment advisors, tax planners, etc. Good luck and good for you.
TMAC54
@
2011 Dec 9, 12:40am
United Country Real Estate.com
Buy an almond orchard someplace w a jacuzzi.
I would echo reply No.1. You need to seek professional financial advice. But if you wish to read further, here is my opinionated advice- thus not to be considered "advice" per say.
It doesn't matter whether you have $10 or $10 million dollars. The game is still the same. The very very basic principle behind investing is how to invest in areas that have historically performed a certain way and can more likely give you a consistent return. In general, a broad investment in the stock market has returned around 7-8% per year over the long term. That doesn't like that much but when you consider the effects of compounding, it takes a surprisingly small amount of initial investment to get you to a million dollars in 30-40 years. The key is time. Real estate has not proven to be the best investment as it only tends to return an average of 3-4% per year- also over the long term.
Anyway, it sounds like you're in a situation where you can have some flexibility. If I were in a situation where I could just generically stuff 100-150k into general stocks you better bet I'd do it in a split-second. But ultimately you really need to seek some professional advice.
* Disclaimer: Not considered financial advice
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Well, I hit the jackpot. I had a stake in a startup that just sold. Amazing.
Now what?
I just moved to the Bay Area from the Midwest this year to take an awesome job at Apple. Sold my big home at a 33% loss and was happy to be free of that money pit. Living in a 2 bedroom apt with wife and 3 kids. It's pretty cramped. Kinda nice being debt free though.
Do I buy a home in the Bay Area now? Are there pockets of value? I think prices will slide, or crash with a global depression. If I buy, do I pay cash or get a loan and invest the money so I get the mortgage interest deduction?
Where to invest? CA tax free state bonds? That freaks me out.
It's surreal, but nice. I had some successes in my career, no big ones, lots of failed startups. A dot com startup that made investors some money, but not great.
#housing