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My boyfriend is about to get money from a lawsuite and i was wondering how we should invest the money to......


make it larger in the future any suggestions

Hello sorry to say but you so far have received some lame answers. First I would look at all your debt that you have and pay it off. Next I would look into investing with a investment club why a club one they are fairly safe two you can Earn a good monthly income three there are no fees involved such as load fees and broker fees the club I am in earns me 5.3% on my money monthly.

Next I would invest in a Roth IRA for the future and retirement. Depending on your ages it could be worth at least a Millon by the time you retire.

I would keep at least 2 months living expenses in a regular savings and depending on how much is left ethier put it in CD or fund your investment club account more. Hopefully this helps if you have any questions write me at bankerbobretired@yahoo.com Good Luck

pm me

See a financial advisor.

Consider putting in more than one 401K or growth accounts.

first of all, when a person gets money from a lawsuit it's never as large as they had expected because there are legal fees, court fees, sometimes detective fees, and if it's an accident-type case then the medical bills must be paid first, and then you have to claim it on your taxes so maybe pay taxes on it as well....so there's not usually much to invest.

And it's funny that you are asking for your boyfriend. Are you wondering how much he is going to be able to spend on you or save for whatever future "you" have in mind? I would suggest that you let him figure out what he wants to do with whatever money he gets. Usually the parents take care of that for their children no matter how old they are.

If he's older and gets a lot of money I'd think he would first be paying off his medical bills and credit cards to eliminate high interest he's paying. Then I would think he would get a newer (not necessarily new) car or fix up his old car so he would have dependable transpotation. Then I'd think he would invest in a Roth IRA for his retirement since he will have to pay for his own retirement in the future. If he's already purchased a home and wants to rent it out to buy another home then getting a second mortgage on the first home and buying an inexpensive second home and paying his home and health insurance and dental insurance would be things I'd think he would be investing in.

Put $1000 in an emergency fund (savings account at a bank) Pay off ALL DEBTS. Cut up credit cards. Put 3-6 months living expenses in a liquid account ( a high yield money market account) Invest the rest in good growth stock mutual funds with a five-plus year track record.

Act your wage. Pay cash from now on (period).

Click on my profile and read my info for a free downloadable book on retirement investing.

www.freedomrocks.com/35235. Put some of it here. Sign up for the free trial to see how it works and see what kind of returns you can get. Follow the guidelines of risk that they give you while you are learning. Try it with a demo account and you will be plesantly surprised just like I was when I found this sight last Septemer. PS not my sight. But I am so impressed with what it has done for me I told him I would let others know. Good luck.

If you want a serious answer email me at davidwarrenmetz@yahoo.com Good luck.

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