Quote:
Originally Posted by rad doc
Congrats on retirement. Your plan is a great one for many and what I did for years. But when someone is fortunate enough to acquire a new lump sum, things get a little tricky especially now.
|
Okay, I understand now.
Yes, do be cautious with your lump. I know someone in our family who inherited a handsome wad and promptly invested virtually the whole deal in real estate, 4 years before the real estate market crashed and burned. They lost the entire wad.
Lesson: diversify. Maybe even stuff it in a coffee can and bury it until the market comes down a bit.
I have no experience predicting the market, but considering our current administration, I have this strange feeling the market might fall a bit in the not-too-distant future. Heh!