I have gifted money to invest long term. How should I go about it?

I will be receiving money from an Uncle's will. I would like to start saving for retirement. Any suggestions out there as to what I should start doing? Any good reading materials to start me off? Suggestons.

do you have 6 months fall back money put away in case you get fired or laid off. if not take care ot that first -- then i would if you do not have Cd's buy some -- ladder them so they come due at different times (i have a CD that comes due each month) it is a nice feeling) next go into mutual funds -- you will not get rich but you will not loose your shirt.

after that do your home work and put some in th stock market

hope this helps -- by the way sorry about your uncle -- hope he lived a full and wonderful life.

Stocks. Definitely. But get an advisor if you're not really familiar with them. I know some good books too:

The Four Pillars of Investing - by William Bernstein
The Only Guide to a Winning Investment Strategy You'll Ever Need - by Larry Swedroe
The Informed Investor - by Frank Armstrong

Good luck,
Dereck

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http://thebeststocktradingintheworld.blo...

First. invest the maximum amount into an IRA. I think the max now is $4000 (maybe $5000), put the rest into a mutual fund. If you are looking for more safe (guaranteed revenue but at a lower percentage) try an ING savings account. They give 4.5% on a savings account, which is even higer than most CD's. Roth IRA's are better for younger people, but if you have alot of money, see if it's possible to have both a Roth and a traditional IRA for a total of $8000 per year contribution. I use Vanguard.com for my IRA, Fidelity.com for my stocks, and ING.com for my savings.

We're in the exact same situation. I plan to diversify after tithing 10%.

25% in real estate.
25% in TASE (Tel Aviv Stock Exchange) this will get the money out of dollars because inflation erodes your money wherever it is as long as it's in US currency.
25% in stock issues that don't support abortion, gay issues etc. and
25% in gold (this is also inflation-proof, but it merely preserves the value of your money, it doesn't yield any kind of revenue.)

Whatever you do, make sure you get proxys often, at least once a year, if you don't proxy in seven years (it used to be two), the government can claim your investment for themselves.

A good option to invest is in Real Estate. Real Estate can provide different forms of cash back on your investment.

You can get cash back right now, which would be property flipping.

Monthly income by investing in different renting properties.

Long term would be land appreciation.

There are a few articles I found at this website about investments in Real Estate, can give you some good information!

http://www.finance-your-life.com