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Hi, cuda2times:

"Hello, I need help!!!"

Whoa, stop, back up. Now let's start again, this time without the panic button. First, you've got all the time in the world, so do not rush to do anything. Now that you've got all this time on your hands, read (and UNDERSTAND) the Motley Fool's bountiful writings and especially the Fool's School.

A good philosophy (Mine) is to place no more than 5% of your total investments into any ONE investment. That means you can place up to $35,000 in each of 20 different investments. This, in effect, will create your own personal Mutual Fund. Again, take your time, Rome wasn't built in a day, and neither should your portfolio. Study the Fool's various Portfolio holdings and pick one of their stocks for yourself and buy $25,000 worth of that stock to get started with. Pick a cheap Online Broker (such as, maybe, E-Trade) and follow their instructions. Again, read the Fool's "Broker" board. Initially, confine yourself to conservative, dividend paying stocks. After you've read, studied and practiced a while, you'll build the confidence to get a little more speculative. Well, that may (or should) be the wrong word, but at least you'll be able to objectively judge any risk involved. The "unknown" almost always terrifies us initially, so the solution is to change that word "unknown" to "known and understood". Result: confidence, and even better -- self-confidence. This board, and others, exists to help those who are intelligent enough to seek assistance. If you'd like any help in determining appropriate investments for someone in your own shoes, just ask. You'll get too MANY suggestions, believe me. Read everything, then make your OWN decision as to what is best for YOU. One word of caution: 700K is NOT rich, so don't start spending your future, today. Invest it and spend it, tomorrow (and the day after).

Best wishes,


P.S. And stay AWAY from that annuity. That's money down the tube.

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