Inherited several hundred thousand. Initial breakdown was 55% pay off mortgage/car, 40% mixture of etfs/mutual fund/IRA contributions primarily in the form of VTSAX/VT, 4% misc home repairs, 1% fun.
There was another account with $25,000 in it and the actual language in the will implies I should do something fun/exciting with the money. There's no real legal obligation, but the intent is very clear.
I don't have any major purchases and most of my PTO goes to kids sick days so travels not really an option. I am thinking of making a high risk play, something like $20k into a single penny stock. It's something I've daydreamed about doing for years but would never seriously consider under normal circumstances. But, my uncle was a gambler and he used to tease me for being so logical/responsible. I think he would get a kick out of me actually doing something risky, but doing it in a way that's very "me".
All this is to say, any reccomendations for this? My thought process was to pick a sector I have some professional knowledge in, research the company and go with my gut. There's no real metrics that predict future success for individual stocks so not really sure fundamentals (or analysts) are useful here.
Submitted April 04, 2024 at 09:32PM by oran12390 https://ift.tt/QT5dfgF
