…”If you use those funds and invest it wisely, you will be set up for life.”
Very sage words there indeed, maya.m.
I hope you’re listening to them, sunny.
Because it has been my own observation, in life, that, ‘younger Folks’ who come into large sums of money fairly early in their lives, often, follow that ages old adage, of, ..’fools and their money, are soon, and easily parted’.
And please understand that I’m ..not making any assumptions about ..you, there sunnyaus, I’m just speaking generally.
Maya.m’s advice is very good, and I strongly suggest that everyone who finds themselves in the same happy situation as sunnyaus, does, should take good heed of it.
There’s an old saying, ..”Life doesn’t come with guarantees” and so, being ..smart, about what you do with newly and relatively easily acquired wealth, ..can, help to provide you with, ..some “guarantees” in life.
Personally, I like Warren Buffett’s instructions, that he recently issued about what he wants the executors of his estate to do, with all of his remaining wealth when he passes on to that big stock market in the sky.
He said, he wants them to invest, the lot, in a simple, low cost, US Dow Jones 500 Index Tracking Fund, ..that’s it, ..that’s all..!
And ..that, Folks, is the ..final piece of advice, from the, ..wisest, investor, ..on this planet…!
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Price($) | Vol. | No. |
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2.940 | 1000 | 1 |
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