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Help! Education Needed Fast!
Old 04-03-2008, 03:18 PM   #1
Confused about dryer sheets
 
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Help! Education Needed Fast!

I've just retired. Sold most of my assets & i'm sitting with a fair amount of CASH that I need to invest quickly so as to earn some income.

What is the easiest & fastest way to learn about investing? I know very little about it.

Thanks.
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Old 04-03-2008, 03:20 PM   #2
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What assets did you sell and why did you feel the need to sell them now?
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Old 04-03-2008, 03:28 PM   #3
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Welcome to the board.

It's a hopelessly broad question, though you could start here. I'd look for book recommendations, but without knowing more, even that is hard to define.

Perhaps you could fill in some details of your situation - you'll get better replies. How old are you, what are your financial goals, how much do you have in which types of assets (rough numbers), etc. If you are uncomfortable posting real numbers, at least generalities.

Lots of helpful and experienced people here, so the more you share the more you'll learn. I note you are from Ontario, and there is an active group of Canadian members who can help you with country-specific issues, too.
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Old 04-03-2008, 03:28 PM   #4
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Get the education fast. Invest back into the market slowly.
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Old 04-03-2008, 11:26 PM   #5
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Quote:
Originally Posted by Heavenly2222 View Post
I've just retired. Sold most of my assets & i'm sitting with a fair amount of CASH that I need to invest quickly so as to earn some income.

What is the easiest & fastest way to learn about investing? I know very little about it.

Thanks.
Welcome Heavenly;

I would recommend first do nothing quickly except park your hard earned money in a Prime money market fund at Vanguard or Fidelity. Yeah the rates suck right now but it is safe and earning you something. Then sit down and read the various book recommendations here and at the bogleheads (Welcome) site about investing. Once you start getting a plan together post it here or at the bogleheads site to get feedback (which you will in spades!). Good Luck

DD
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Old 04-04-2008, 07:57 AM   #6
Confused about dryer sheets
 
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Thank you all. When I said I sold most of my assets, what I was referring to is I sold my business & most real estate. Don't want the aggrevation of working to manage these any longer. I'M RETIRED!

I'd like to invest in secure investments & get the best returns possible. (I guess like most retirees). It's just that I don't know much about this form of investing. I need to educate myself, but don't want to spend a lot of time running around in circles, thus, any suggestions on a fast efficient educational process is appreciated.

Again, thanks to all.
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Old 04-04-2008, 08:06 AM   #7
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How much cash are we talking about here? What's the dollar amount?

Do you have any other sources of income (pensions, social security, annuities, etc.)?

What's your current age?

How much are your annual expenses? How much do you need this nest egg to generate each year?
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Old 04-04-2008, 08:20 AM   #8
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Quote:
Originally Posted by kombat View Post
How much cash are we talking about here? What's the dollar amount?

Do you have any other sources of income (pensions, social security, annuities, etc.)?

What's your current age?

How much are your annual expenses? How much do you need this nest egg to generate each year?
One more: Is this money you think you'll need to fund your own retirement or is something more likely to be passed on to heirs? If the former, how much income do you need from it relative to the size of the lump sum?
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Old 04-04-2008, 08:30 AM   #9
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Four more questions, the answer to which will depend on previous questions.....to make it easier for board members to advise you.....

Do you have any debt?

Which of these three things do you most want your money to do?
1. keep the capital intact
2. generate income
3. grow

What is your current level of financial knowledge?
1. you have a bank account and know how to balance your chequebook
2. #1 and you hold and understand fixed income and equities
3. #2 and you know your NW and understand the importance of MERs and asset allocation
4. #3 and you can name four alternative investments
5. #4 and you know your IRR for the last 10 years

Do you currently have a financial advisor, and how is s(he) paid?
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