|Posted: January 20, 2011, 4:46 pm - IP Logged|
For me, the stock market would be out of the question, Bernie, anyone? Unless, those investments are pretty conservative with little nor no loses. Although CDs, most money markets, mutual funds, and bank interests are not yielding high returns, at least they are conservative investments.
As far as financial planners are concerned, I might consult a couple -- but it does not mean I would take their advice. Most banks will be glad to give you that advice free or can refer you to someone, especially if you are a large depositer, aka, lottery winner. If the financial planners are so good at what they do, why are they not wealthy? What are they doing with their money? Why should I retain them, possibly spending $100,000 to give me advice. I enjoy keeping my money, not giving it away.
Finally, some of the sad stories you hear are from family members who had the audacity to think they are entitled to someone's winnings. So, to avoid that...just give them a $1.00 and tell them to dream!
-- Bye, bye! When you win, may you glow as brightly as the