Wisely invest an amount of money?

I would suggest gold. It's easy to buy. Easy to sell. And has been doing nothing but going up up up.

People will tell you that it's about to reach it's peak, but they've been saying that for years. Only gold can stand the uncertain economic times we are in as the value of our paper currency falls.

Read more about it here..

Your best bet in this economy would be bonds (municipal or large corp)

Investing in bonds is considered a medium risk investment and is much safer than stocks

Municipal bonds are basically this: you loan an amount of money to a township or county for something like building a new road you can expect annual returns of around 5-8%

Corporate bonds are exactly the same except you are loaning money to corporations to build a new factory etc... this is a little more risky and you can expect returns of around 6-10%

Risk and reward have a direct relationship, keep this in mind when choosing a bond or any other investment for that matter...

also, bonds usually tie up your money for no more than a year at a time...

A lot of this will depend on why you are receiving this money. Based on your age, I would presume that you have either made a big deal or are receiving the money as a trust.

Regardless of what reason you are receiving the money, you need to consult an investment adviser or CPA to ensure that you maximize the tax benefits with whatever investment vehicle you end up choosing.

The taxes will eat up a substantial percentage of your returns if you do not invest this money correctly. Do the tax planning well in advance of receiving the money. I know it sounds boring beyond end, but it is the way of the world.

Furthermore, you should educate yourself as much as possible on handling your own finances. Schools don't teach it as they want you to pay CPAs and lawyers that they do teach.

Anyhow, educating yourself will, at a minimum, ensure that you know the questions to ask of the CPAs and lawyers you will need throughout your life. Remember, most of these guys charge hourly, so being educated will cut down the time you require them to explain things to your over the years and, in turn, reduce the money you have to spend for the advice.

Best of luck in your endeavors... (surfing? I spent two years living in Costa Rica when I was in my early twenty's - beach to beach, had a great time of it.)

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