First off, I would be very hesitant to listen to advice given on an internet forum. No disrespect on anyone, but medical and financial advice are both things that you better seek out experienced professionals for. I am not a professional but know a decent bit about financial planning and financial matters.
Some things that come to mind real quick.
1. How much money?
2. What is your overall financial situation? As someone else mentioned, do you have high interest debt that could be paid down with the money? Do you have fully funded retirement vehicles already in place that you are funding on a regular basis?
3. What is your long term/short term goal pertaining to this money?
4. What is the timeframe you are wishing to keep the money invested?
Point is, there are many questions that would need to be answered before anyone could give you any sort of competent advice. Anything short of that is just entertainment on a hunting forum which is fine, I just wouldn't "take it to the bank" per se. If you are serious and this is a decent sum of money, seek out a trusted financial planner and get with them.
Some things that come to mind real quick.
1. How much money?
2. What is your overall financial situation? As someone else mentioned, do you have high interest debt that could be paid down with the money? Do you have fully funded retirement vehicles already in place that you are funding on a regular basis?
3. What is your long term/short term goal pertaining to this money?
4. What is the timeframe you are wishing to keep the money invested?
Point is, there are many questions that would need to be answered before anyone could give you any sort of competent advice. Anything short of that is just entertainment on a hunting forum which is fine, I just wouldn't "take it to the bank" per se. If you are serious and this is a decent sum of money, seek out a trusted financial planner and get with them.
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