I just got my settlement how should I invest?

[Scientific Playa]

Congrats on the settlement. Lock it in a CD for a while and polish off your library card to read books on personal finance and investing.
Also Investors Business Daily Newspaper is worth the subscription. The WSJ fell off when News Corp bought it.

If you wanna turbo charge your brain get some of these under your belt. The first one on the list will strongly caution you from being a sucker/mark.

The Smartest Books We Know
FORTUNE offers the ultimate reading list: 75 books that teach you everything you really need to know about business.

​

By JERRY USEEM
March 21, 2005

The Smartest Books We Know - March 21, 2005

money.cnn.com

I enjoyed reading these the most.

EXTRAORDINARY POPULAR DELUSIONS AND THE MADNESS OF CROWDS by Charles Mackay (1841).

THE INTELLIGENT INVESTOR: A BOOK OF PRACTICAL COUNSEL by Benjamin Graham (1949)

TITAN: THE LIFE OF JOHN D. ROCKEFELLER SR. by Ron Chernow (1998). If 75 books were burning and you could save just one, this might be it: a biography as powerful and detail-minded as its subject.

WHERE ARE THE CUSTOMERS' YACHTS? by Fred Schwed Jr. (1940).

 

[ORDER_66]

Crypto or Real estate... also look up a website called start engine they got alot of companies you can invest in...

 

[Braman]

Pocket watchin

Lol but I came out nice.

I’ll just say it’s a very generous settlement, not in the millions but I nice number with three numbers in front of comma and three numbers behind it even after their cut

What are you 12. Why would you give this amount of detail but not just say the amount

And why would you come here instead of a much larger more specific resource like Reddit

You just want attention and your energy has me worried you bout to fukk off that money

 

[Eastside Get The Money]

Damn didnt know that happened to you breh, glad you're feeling good and got some bread. A real certified Coli breh

But I'd invest that money in some property in the D. Lock in with people you know to get it managed, have some reliable vendors on deck and get a good tenant and grow that money. That music stuff ain't always the best look, especially out there in the 206

I know it's easier said than done, but I'm in that phase in life dealing with a couple properties and the personal growth it's provided me has been dope

Appreciate you brodie

I have definitely thought hard the past few weeks about property in Detroit. I know there’s houses on my old block I could definitely buy out flat right now, I’m just afraid of wasting money on property taxes because I’m not quite ready to do so right now. But real estate is gonna be my path I think

 

[Eastside Get The Money]

Who hit you?an employee for some big company?

Yes, employee for one of the big tech firms out here driving a company car

 

[Eastside Get The Money]

What are you 12. Why would you give this amount of detail but not just say the amount

And why would you come here instead of a much larger more specific resource like Reddit

You just want attention and your energy has me worried you bout to fukk off that money

Joke my boy calm it down. And you have no idea about my energy like I said I’ve always had a little money and you can still catch me in the thrift store

 

[old pig]

I have no financial advice for you but I remember the thread…glad to hear you were properly compensated

 

[CrimsonTider]

Don’t partner on a label whatever you do lol. I got got a label with my partner and it’s not really a label, we really just investors for real. Do you know how much money nikkas done spent and we just have one artist lol? And it’s very low odds any of this shyt will ever be recouped

That’s the game. You need more than 1 artist tho

 

[TELL ME YA CHEESIN FAM?]

Yes, employee for one of the big tech firms out here driving a company car

Yeah u got lucky
An unemployed, uninsured Coli breh on his way to buy some zums, wouldn't have been able to pay you $100

 

[old pig]

Yes, employee for one of the big tech firms out here driving a company car

 

[The_Hillsta]

Put it in a High Yield Savings Account or Money Market while you figure out what to do.

Take advantage of these interest rates while they are high. Anywhere between 4-5% on these high yield accounts and money markets.

Dont let it sit in B of A, Chase, Wells Fargo collecting dust.

Check out Fidelity, Vanguard, E-Trade, etc.

 

[Mike809]

You should invest it on the coli.

 

[The Bilingual Gringo]

VTSAX and chill. Average return has been 8% to 11%. Anything more someone is promising you won’t be realistic.

 

[Eastside Get The Money]

Why don’t you talk to an ACTUAL financial planner? Just make sure you deal with a fiduciary so any advice you get has to legally be in your best interest, conflict of interest free

https://advisor.morganstanley.com/tajai.smith

I plan to. Unfortunately I’ve been in and out of the hospital since I got done with my travels so I haven’t been able to meet with a good financial advisor yet. My mother is also an actuary so we plan to come up with a solid plan.

I just wanted to see what advice the guys would give me on here we joke a lot but I actually respect most of y’all

 

[east]

They have me some oxy that I’m gonna flip so that’s an easy $200 but I want my real money.

looks like you already know what to invest in