Reply to Best thing to do with 8mil inheritance?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Get thee to a financial planner stat! 
You can afford it, don't ask the internetz. [/quote]

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. [/quote]

Talk about alarmist.  I come from a line of weathly people, all of whom have financial planners.  The key is to diversify.[/quote]

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