I'm about to receive an $800,000 settlement. This is more money than I’ve ever seen in my life. Moneyist, how should I use this money wisely?
I am a 40-year-old woman with a 14-year-old child. I have been happily “common-law” married to my man of steel for almost six years now.
I always intended to pay him back with my tax refund, but it never came. He paid for the attorney I needed to acquire child support and full custody of my daughter. In four years, once my daughter graduates high school, I dream of selling this house and building my dream house in the country. You will want to invest a portion of your settlement. The No. 1 rule is to diversify between both equity asset classes and sectors, and between stocks, bonds and commodities. An adviser will help you protect against volatility by, for example, investing in gold and other precious metals. Exchange-traded funds will allow you to invest in all three.
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