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Author: ammorris Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76082  
Subject: How To Invest A LARGE Sum Of Money Date: 11/7/2000 12:45 AM
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Hey, My Name's Andrew. (really new to this)
I was fortunate enough to be blessed with parents who were well off financially, and since birth they have put the maximum allowable amount under the Gift Act into a trust fund for me.(I believe its $10,000 per parent per year).(I believe there is one other trust in my name, earmarked that should I somehow lose this money (not an option from my point of view) I am to receive this other trust fund when I turn 40 or so years old, interest is to accrue in this other fund for the next 20 years or so until it comes due) Now I'm twenty years old, and the first trust fund is worth upwards of $600,000. (yes i realize that i'm extremely lucky.) I have had control of this money since I was 18, but have been afraid to try to do anything with it for fear of losing it. I have no debt, no real expenses, seeing as my parents would rather pay themselves for any of my costs, and I spend my time studying and staying in college. This money up until now has been with Prudential Securities. How does one go about investing large sums of money? (never put all your money in one place yada yada yada) I dont have enough time on my hands to manage this money myself, so I know I need a broker, but what should I ask for, (I hate to ask my broker this because I know deep down that he may make me money or lose me money, but he gets his share either way.) What Should I ask for or do with it? I know right now that this money isnt doing very much for me, I don't need income, I just want to have it as a nest egg for when I retire later in life.

I'll take all the advice I can.

Thank You For Your Time.
- Andrew
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