Quote:
Originally Posted by Joekerr
Seriously - don't ask people in OT.
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Aw, come on, we can still give the guy some solid advice that may help him.
Here's a couple dos and donts, IMO:
Dont - Take advice from anyone on this forum or any other on specific stocks, ETFs, bonds, real estate, etc. to invest your money in.
Do - Talk to a couple professional financial planners who can learn your whole financial situation, your goals, your tolerance for risk, your investing timeframe, your investing knowledge, and tailor some investments specific to you.
Do - Ask each professional you talk to how they are compensated. Do they make money off individual funds by recommending those funds to you? Or, do they take a straight % off the top? In my early days I had a financial planner who made kickbacks from the various funds by recommending them to clients like me. Surprise surprise, he did quite well for himself and my investments languished.