Reply to What should I do with $300k?

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Reply to "What should I do with $300k?"

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[quote=Anonymous]Never let anyone else but yourself manage your money. Frankly, it's not very difficult at all. It can be exotic and incredibly difficult, but most of us do not play in that league, nor do we need too, to be a successful investors.

1. Open a brokerage account at Schwab, Ameritrade, etc.
2. Google Dividend Achievers and Dividend Champions. 
3.  Choose 30 companies which pay annual dividends of 3% or greater. 
4.  Set up your account so you quarterly dividends will be automatically be reinvested in the same companies. There should be no brokerage fees for reinvested dividends.

6. Let a couple years pass and you'll find your wealth will have growth significantly.

7.  Be an investor. Do not be a trader - at least for right now!!

8. In a few years when you become. More sophisticated you may try trading options, but you are several years away from those more risky ventures right now.

9. AGAIN - NEVER LET ANYONE ELSE MANAGE YOUR MONEY!!!!  YOU CAN DO THIS!!!!  IF you are not smart enough to manage your money, I promise you, you are not smart enough to prevent your money manager from robbing blind. 
5. [/quote]

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