Escondida , here is my 2 cents.People will give you ALL SORTS of opinions on how to invest this.My advice? Dont get too SUCKED into the details. I will say , don't take it to a broker. You will get all sorts of fees that do not apply anymore. Loads, etc...There are ways around this now...I say, DO NOT spend it. This money could come in handy in more ways than you understand at your age. Just HOLD ONTO IT till your older. Older may be 25, 30, 40, 50, whatever., That's for YOU to decide. IF you are the spendthrift, you may want to protect yourself from yourself, and lock it up somehow, like in a 5 year CD, etc...3) Ask yourself, the path of life you are on before the 250k, was it what you wanted? (and no, I'm not meaning would you rather be on a beach somewhere) If not, this money may help you get on a path you'd rather be on. See the 250k for what it is. It is not a retirement in the sun. If anything, it may be a tool for you do get into the career you want. It may be "insurance" money for you to switch careers when you get bored of your job at age 30, 40 , etc. It may help you buy a house with cash (depending on your area) and not have to worry about a mortgage. etc...Only YOU can decide how the money should be spent, b/c only YOU know what makes you happy. I can say that you do not know yourself at age 22 like you will at age 30, 40, etc. So I say this: BURY IT,,(invest it) etc....and do what you were doing, and when you need a "get out of jail card", you have one. PS: Keep the money a secret, otherwise, over the next 10 years, your 250k will be gone buying your friends dinners. BURY IT till you know what to spend it on. When you know, you will know. Again, DO NOT get caught up in the bullshit of overanalyszing how to invest it. Buy some CD's, some stocks (QQQ, SPY), and some bonds, and some in cash, and FORGET ABOUT IT....unless you see how you want to spend it TODAY...
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