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Old 06-23-2007, 09:04 PM
gull gull is offline
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Join Date: Sep 2006
Posts: 981
Default Re: WSOP Windfall... What am I to do?

Congratulations.

As others have noted, the best thing to do would be to put as much money as possible into an IRA and then invest the money in your IRA and taxable accounts into index funds. Index funds are more sensible than individual stocks. They have the same expected return, but much lower variance. It's like multitabling in a way. If you want specific asset allocation recommendations, please ask. A very simple allocation plan would be to just stick it all in a balanced fund, such as Vanguard's Target Retirement 2050 fund.
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