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re: Advise on Large sum payout

Posted on 11/17/14 at 10:11 am to
Posted by LSURussian
Member since Feb 2005
126965 posts
Posted on 11/17/14 at 10:11 am to
quote:

around 1Mil-2mil
That's a pretty significant "around." Living off of a lump sum amount of $1 million would have a totally different approach than having $2 million to invest.

There are many details you'd need to give, which you probably should not divulge on a message board, about your life, such as your age, debt obligations, former annual compensation and monthly payments before anyone could give you realistic, and prudent, advice on how to invest your money.

Like you wrote in your OP, you probably need to talk face to face with an investment professional who you share those types of information with.

Now your next question is: how to find a reliable investment adviser who won't take fees from you without much in return?

Good luck with that. Just don't sign any long term, non-cancellable, without penalties contracts.
Posted by TigerSaint1
Member since Apr 2014
1479 posts
Posted on 11/17/14 at 10:24 am to
(no message)
This post was edited on 6/11/15 at 9:16 am
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