Investing $500,000. Part One
If you are in a position to be investing $500,000 then congratulations, you are well on your way to becoming a millionaire in a short time span. Let’s say you had a financial windfall. Something like the lottery, where you might have won $50,000,000 but after you pay off your house, your student loans, and your car note, you suddenly find yourself left with a half a million dollars. How do you invest something like that?
Now, there will most likely be every Tom, Dick and Harry in town trying to get you to invest with their firm. Charging you anywhere from 1-2% of your assets per year, along with 20% of your gains. This might seem tempting. “Yeah, but they will outperform the market for me every year!” you think to yourself, unknowingly stupidly.
You can prepare yourself for retirement, and fund your future endeavors very simply and effectively without any outside help. Many people do not realize this, but all the information is right there in front of you. The best and by far the easiest way to go about this, is by looking at the overall market. Which indices have been doing the best for the past 3 years?
I use 3 years as an example, because what you are going to want to be doing is finding the strongest trends. I believe, that for most investors, those who are in it for the long haul and aren’t trying to blow up their accounts with options, finding strong trends that have lasted through the thick and thin are the best possible plays.
You can find these indices using many different free websites. Whether it be investing.com or yahoo finance, you are going to be able to find what you need for investing $500,000.
Stay tuned for part two.