“Jeff, we have $500,000 and have no idea how to invest it”.
I admit, having $500,000 sitting in a checking out earning little to no interest is one of those “good problems to have”.
But if you find yourself in this situation, and have a level head on your shoulders, it can be a very overwhelming.
This was the exact case for a recent client of mine.
An aunt who had no children left her only nephew and his wife a $500,000 inheritance.
The couple, never really having invested before, were terrified they would invest the money poorly and loose it all.
That wasn’t going to happen on my watch.
Here were the basic principles I explained to them and how I would talk to anyone else that was seeking the best way to invest $500,000.