Best thing to do with 8mil inheritance?

[Anonymous]

Anonymous wrote:Give it all to me.

And me! 50/50!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Get thee to a financial planner stat!
You can afford it, don't ask the internetz.

Do not go to a financial planner. They are all parasites living off part of other people's wealth. What they do is not rocket science!!! No one cares about you and your money more than you do yourself.

Where we're you when this wealth was being accumulated? How could you be raised in the presence of wealth and grow to adulthood without any sense of how to manage investments? Do parents not teach their children how to manage finances along with tying ones shoes and looking both ways before crossing the street?

Your inheritance is probably not in cash so if it has increased to this point, why not leave it be and draw a stipend from it allowing you to live comfortably. However, if the estate has be liquidated into cash and you are currently confused how to proceed start by opening a brokerage account and investing the majority of your money in Berkshire Hathaway at least until you've develop a permanent plan. Do not invest in any start up companies or businesses owned by your friends or acquaintances either. Curt Shilling invested $40 million in a video game startup company. Today he is bankrupt and broke.

Take responsibility for your own life and well being. If you go to a financial planner you'll be seen as a mark and you'll be broke in five years.

Very bad advice. Invest the majority of the money in a single company? Remember the whole Enron thing?

[Anonymous]

Anonymous wrote:I think this is a bogus post.

Of course it is

[Anonymous]

I know a struggling artist you could finance.

[Anonymous]

complain how you don't feel rich.

[Anonymous]

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Anonymous wrote:Ask about ideas on as many parenting boards as you can find.

It says the subject is Money and Finances.

Right below where it says DC Urban Moms & Dads.

I'm sure BabyCenter has a good finance board over there too.

Darn, I've been busted by the Hall Monitor! You must be the dismal poster that says some variation of 'PARENTS ONLY, ALL OTHERS KEEP OUT' on every thread.

Nope. You're my first victim. Just seems very odd for you to post here.

Odd in what way?

Odd in a troll kind of way.

[Anonymous]

There's no way this could be on the level. NO WAY. But, what the hell.

OP, you've come into an $8 million inheritance. Even in DC, that's real money. If you think asking a bunch of strangers on the internet who know zip about you is a way to get good advice, you REALLY need to stick that money in a bank account for a while and think about your life choices.

You're past the point of trolling for free advice from strangers, friend. Pony up for a real financial planner, or go to Amazon and buy some books, or something. And congratulations.

[Anonymous]

Anonymous wrote:

Anonymous wrote:before or after taxes? either way, yes, a financial planner.

We have to pay taxes on it? Ugh. That sucks.

Oh bummer, you've gone from having 8 million dollars to 4 million dollars. This is clearly 4 million more than you've ever had before, so why the bitching?

[Anonymous]

Curt [Schilling] invested $40 million in a video game startup company. Today he is bankrupt and broke.

Take responsibility for your own life and well being. If you go to a financial planner you'll be seen as a mark and you'll be broke in five years.

Couldn't have happened to a nicer guy. But on-topic, you know who could have probably prevented Schilling from making that kind of error? A trusted, professional financial planner. Like the one that OP needs if she really has this money coming and has so little of an idea of what to do with it that she's posting here for advice. Idiots can cost themselves much more than the 1% that a good money management firm takes.

[Anonymous]

Phase 1: underpants
Phase 2: ???
Phase 3: profit

You're welcome.

[Anonymous]

OP I understand. We earned $2M last year and it was not a great conversation point. You do need a financial planner. The last 2 people I knew who did this, first retired, then got bored and went back to work. One lives in Westport and the other in the mountains of VA. Many options. Enjoy!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ask about ideas on as many parenting boards as you can find.

It says the subject is Money and Finances.

Right below where it says DC Urban Moms & Dads.

I'm sure BabyCenter has a good finance board over there too.

Darn, I've been busted by the Hall Monitor! You must be the dismal poster that says some variation of 'PARENTS ONLY, ALL OTHERS KEEP OUT' on every thread.

Nope. You're my first victim. Just seems very odd for you to post here.

I'm not a parent and DCUM is probably where I'd post for initial advice about an inheritance, too, since it's an anonymous forum. For some reason this is a surprise to people such as yourself, but DCUM comes up in Google searches and thus many people who don't have kids end up here.

[Anonymous]

Anonymous wrote:Phase 1: underpants
Phase 2: ???
Phase 3: profit

You're welcome.

Step 1 is COLLECT underpants.

[Anonymous]

I'm not a parent and DCUM is probably where I'd post for initial advice about an inheritance, too, since it's an anonymous forum. For some reason this is a surprise to people such as yourself, but DCUM comes up in Google searches and thus many people who don't have kids end up here.

Good lord - no one is shocked that a childless person may post on DCUM. It's that someone who has $8 million would think a forum of anonymous wackaloons (of which I am one) is a place to get useful advice other than "consult a financial planner," which you can figure out without having to ask anyone at all.

Why am I even believing this is true. Well played, OP! Hope you're laughing.

[Anonymous]

No need to bring the Lord into it, heathen.