Investment Advice for a Lottery Winner : Financial Planning & You



Subscribe Now: http://www.youtube.com/subscription_center?add_user=Ehowfinance Watch More: http://www.youtube.com/Ehowfinance If you're a lottery winner, one of the first things you'll want to start thinking of is investing some of that cash. Get investment advice for a lottery winner with help from a published finance author in this free video clip. Expert: Kevin Bourke Bio: Kevin Bourke has been writing finance-related articles since 2007. Filmmaker: Alfredo Rodriguez Series Description: The world of financial planning is one that you shouldn't try to navigate without either a great deal of research or a consultation with a professional. Get tips on financial planning and how to put it to work for you with help from a published finance author in this free video series.

Comments

  1. F**K this Guy.
  2. Alot can happen to someone in a year. Don't think I'd wait that long. But first thing I'd do is not tell anyone, get a lawyer and an accountant, and take a holiday.
  3. the purpose of having a lot of money is to spent it
  4. Do Nothing for a year? Is he smoking crack, even the most financially responsible people I know would NOT wait a year if they won the lottery to spend some money
  5. What if you wait a year and before the year ends you died. Fuck you
  6. I wouldn't survive the party I'd have if I ever won so long-term wouldn't apply to me.
  7. great advice, other than don't spend any for a year
  8. I'm dead broke now. if I win now, that money is all I have to spend and if I don't spend any for a year, I will starve and die.
  9. I would move out of town into a place where no one knows me.  I would get a new car and a new place to live then do nothing. Just a practical car not flashy.
  10. so I must live broke for 2 years and then die I enjoy nothing fuck that I ain't saying spend everything but I gonna enjoy my money
  11. I think the concept of his advice is spot on. The idea of waiting is it gives you time to make good decisions and not just emotional ones that you are likely to make at the start. Most lottery winners are broke in a few years and this is what he is trying to avoid.
  12. I can not wait for a year! 😜
  13. I totally disagree with this advice! One shouldn't wait a year and hold off after they win the lottery, especially a huge jack pot.  I suggest you make financial plans immediately after you WIN. Please seek the advice of a CERTIFIED PUBLIC ACCOUNT, A TAX ATTORNEY and if needed a financial planner to give you clear precise financial planning that will help you save money for the rest of your LIFE.  My personal advice to you is: if you INVEST your money wisely, please look into a DIVERSIFIED portfolio.  It is wise not to put all your eggs into one basket...
  14. I don't agree with such a long waiting or cooling down period as he suggests of 2 years, but a year is not bad idea for the big windfalls. I would set up a personal will though which would make sure your new wealth could at least make it to family, friends or causes in the advent of your demise before you get a chance to spend any of it. This can be changed later. Investments is something that would differ if your young and have time to diversify for a longer period of time but if older you don't want to tie up all your wealth in something that you won't see any growth for 10-20 years.
  15. worst advice I've ever heard. Let it sit for a year. Wrong, invest it, you have to at least make enough on it to keep up with inflation; otherwise you are losing value. Get some good advice, a certified financial planner is a good start, but not this guy. That year of letting your money sit in the bank and not be out there earning is costing you 3 to 4% of the value of your money..... making his advice the craziest advice I've ever heard of. Lose money to inflation. EEEEErrrrrrrr!!!!!
  16. This is my strategy:
    1. Put 89% of your net winnings or large inheritance into long-term investments
    2. Put 10% of the above into short-term investments
    3. Reserve 1% of the above to spend on your wants

    Get yourself a good attorney, preferably with a large, well-known Law firm, hire a Certified Financial Planner and Accountant who will work together with you and who you can trust to look after your interests.

    Keep your mouth shut!

    Take time to get all things in order, don't be in a rush to get at the money.
  17. Excellent advice for my situation. Now all i need to do is claim my winnings.
  18. sorry that's not happening I'm not going to go on a crazy shopping spree,I will must likely invest most of my money, and get into real state but hell yeah I will be treating myself a little.
  19. i wonder how many people he has caused to die from jittery impatience??
  20. terrible advice. what if you are in an accident and god forbid, die then won´t be able to use the money. If you win, spend it a little as you like, on yourself, family and close friends then, invest in some bonds, stocks or something . ... "don´t spend it for a year... " worst advice ever..


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Visibility: 80147

Duration: 3m 45s

Rating: 526