Lets say you have like $800k to invest

How much is that in Euro's?

Wanted to add:

I'm serious about this thread. What would be some wise things to do.

Honestly if it is new money I'd probably buy,a CD ladder ranging from three months to two years. roughly space everything out in 3 month increments.

Spread them around to different banks though.

quote:

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how safe are money market accounts?

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are you kidding me? If you have 800k and have to ask then you need not do anything with your money at the moment

quote:

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are you kidding me? If you have 800k and have to ask then you need not do anything with your money at the moment

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word.

I think I need a financial consultant.

I would buy some cheap houses, fix them up, and then rent them out until the market gets better, then sell them.

buy them somewhere like dallas, houston, or places like that

Chad:

When I invest, the first question I ask . . .

Is not how much money I can make on an investment . . .

But, instead, how much of my principal I'm setting myself up for a loss on, i.e., I ask how much I can lose, not how much I can make.

So, per this conservative POV, I'm very careful with risk.

Hence, I'd recommend just doing it yourself and investing in T-bills, Treasury notes. I haven't checked the present rates . . .

But I'm guessing you might could get an extremely safe 3 % or so (or it could've just dropped, I don't know). And hey, that's extremely safe and fully backed by the fed. No risk, my man. And you can probably do it online. Google it.

Also, it's fairly liquid.

Now, if ya wanna hire a financial advisor or wealth management person (to do it for you) . . .

Then check out UBS. Last I checked, one of those experts will charge you about .75 percent to manage your money -- but you'll need to have at least $75k to start an account with 'em.

Note: With UBS, per their in-house insurance, you can park up to -- I think -- $1.3 million or so . . .

Fully insured against loss. Conversely, if you yourself were going to manage your T-Bills or money market or whatever . . .

These days it's best not to park any more than $100k in any one account at any one commercial or investment bank. No exceptions.

Also, remember a lot of financial advisors simply want you to take the risk and for them to make a percentage off your money.

With UBS (they'll assign a guy to your account) -- interview the guy. If you think you trust him and like his attitude . . .

Think about using him. If you don't like the guy, go somewhere else.

And yes, all such guys will make their money even if you lose your money.

Uh-huh. The system is rigged. That's why I'd recommend super-safe T-Bills. Do it yourself and save a hunk of money.

But be careful. Do your research.

And remember . . .

Protect your principal.

And, of course, such investments are what they are, but I have a family member who's paying 3% to an advisor (i.e., a non-Swiss financial advisor) who claims that his work is fully insured against any loss and also claims to guarantee a 6 percent return on a person's investment with him.

I find this hard to believe. Not for me. Yet, it could be true. Tricky stuff.

Good luck

Real Estate.

/thread

Chicken, ElmGrove, TortiousTiger

Thanks for the advice guys. Some of the advice goes over my head a little but i'll be working hard to get a good grasp on some of this stuff in the near future.

GOLD!!!