Where to Invest $50,000

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If a person gets $50,000, their investment of that money should depend on their risk tolerance, their age, what they want to achieve with the money, and what time frame they want to use to achieve their goals. Discover why young people should invest with a basket of mutual funds with help from a registered financial consultant in this free video on investments and personal finance.

Part of the Video Series: Beginner Investing
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Video Transcript

This is financial adviser Patrick Munro talking about where to invest $50,000. If an individual comes into $50,000 either through an inheritance or if they have a lump sum of cash the best place to invest that money depends on the risk tolerance of that particular individual, how old they are, what they want to achieve with the money and at what time frame they want to achieve it. That is the questions that must be answered. It's not a question of where to place the money but rather why and what time frame goes in line with that. If an individual is older and they have no possibility of time to respond back from a market loss then they need to stay in safe investments that will not lose principle. If an individual is younger on the other hand and they have a lot of time frame and they're not looking to access the money right away. The best place to invest that money and get the most leverage and possible return for it is in a basket of mutual funds and investments that will participate in a long curve of yield growth. This is financial adviser Patrick Munro talking about the best place to invest $50,000.

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