Inventing $$ from home sale
My husband and I just sold our home and am looking for advise on how to invest the money. We are renting for 18 months until we decide if we want to stay in IL or build a home in MI. We’re both 60 years old. We have $600,000 to invest.
Terry Says
I will ask you one simple question: How much are you willing to lose?
If, as I suspect, your answer is “nothing” — then leave the money in a bank money market deposit account or read my article on how to buy U.S. Treasury bills direct from the government.
If you want to take risk of loss, your choices are infinite –=as are the potential losses. The easiest and cheapest way to is to just expose yourself to the total stock market by buying a S&P 500 stock index fund at Fidelity or Vanguard.
