In this video as part of the Motley Fool's "Ask a Fool" series, senior advisor to the Motley Fool's Rule Your Retirement service Robert Brokamp takes a question from a Fool reader, who asks, "What is a good way to diversify a generous inheritance (around $500K)? It makes me nervous keeping it in stocks, at least for now. I'm going to liquidate most of it until I can educate myself further on how to best invest it. We are losing sleep over this." Robert discusses the No. 1 priorities for where best to allocate cash before investing in stocks and how best to diversify investments once other priorities such as credit card debt and an emergency fund are taken care of.
You've just inherited a large amount of money. What's the best way to spread it out into smart investments?
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