Friday, March 23, 2007
$150,000
Dear Pud,
I recently inherited $150,000. I'm not a big spender, and would like to invest it. Do I play conservative and go with safe mutual funds? Or do I put it all on red?
Please help,
Thomas
24 years old
Seattle, Wa
Thomas,
Remember what Wesley Snipes said in Passenger 57... "always bet on black."
But seriously... you're 24. You'll have plenty of time to be "safe" when you're old. And $150,000 isn't gonna make you rich sitting in mutual funds. And not that you were serious about putting it on the roulette wheel, but even that would just make you another $150,000.
Go for the big one! What are you good at? Use the dough to start a business and be self-sufficient for a year or two while you grow it. Or dump it into a high-risk investment... like an IPO you're into. If you lose the money, no big deal... you're 24 and you'll make it back. But on the other hand, it could make you a millionaire.
Of course, blow and hookers are a fine investment for a 24-year old, too.
Pud
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