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Life After Brown
Coming Into Money
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<blockquote data-quote="bluehdmc" data-source="post: 1106399" data-attributes="member: 18471"><p>How old is he and how adverse to risk?</p><p></p><p>He could probably find a mutual fund that fit's his criteria. </p><p></p><p>Vanguard has a number of index funds that have low expenses. </p><p></p><p>One of the worst things might be just putting in the bank, if he gets 3% interest and inflation is 5% he basically loses 2%. </p><p></p><p>If it was me, I'd buy some stock in a blue chip like IBM, maybe 2 or 4 blue chips, put some in something like the Vanguard S&P 500 fund, (basically the fund buys stocks in the S&P 500). Lastly I'd probably put maybe $10K in a CD, and take a nice vacation with some <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":-)" title="Smile :-)" loading="lazy" data-shortname=":-)" />.</p></blockquote><p></p>
[QUOTE="bluehdmc, post: 1106399, member: 18471"] How old is he and how adverse to risk? He could probably find a mutual fund that fit's his criteria. Vanguard has a number of index funds that have low expenses. One of the worst things might be just putting in the bank, if he gets 3% interest and inflation is 5% he basically loses 2%. If it was me, I'd buy some stock in a blue chip like IBM, maybe 2 or 4 blue chips, put some in something like the Vanguard S&P 500 fund, (basically the fund buys stocks in the S&P 500). Lastly I'd probably put maybe $10K in a CD, and take a nice vacation with some :-). [/QUOTE]
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