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6 Answers
- ?Lv 64 years ago
Depends on your overall financial picture and your current housing situation. 1) Is this house the only one you own? If so, you need to find somewhere to live. Take care of that first (rent, buy another house, it's up to you). 2) Do you have debts? Use the $100,000 to pay them off. 3) Do you have an emergency fund? If not, put a big part of it in the bank (say $25,000) just in case you lose your job next week. 4) Any money left over after those three? great. 5) Are you planning any major purchases within the next five years (car, house, etc)? If so, a savings account is best, because if the market drops next week it'll take 4-5 years to recover. 6) Any money left over with no plans yet on where to spend it in the next 5 years? If so, stock mutual funds. Find any fund that's averaged better than 5% a year over the last ten years.
- Donald BLv 74 years ago
Personally, I would buy another house with it. Unless you are in a location that is not desireable houses generally go up in value over the long term.
- BBGLv 74 years ago
No one here can answer that for you.
You are the only one who knows your time-frame, investment goals, purpose of the money, risk tolerance, tax situation, etc.
- RobtLv 74 years ago
Given u asking here.
Absolutely NO where except a bank.
Local educated adults can explain why locally
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- Anonymous4 years ago
Buy another property and rent it out. Nothing gets close to bricks and mortar.
- Anonymous4 years ago
It depends on how much risk you're prepared to take.