Questions To Ask Yourself When Investing

June 24, 2010  |  

(CNN Money) — Question: I just sold my house and have $300,000 to invest. Everyone has suggestions, but what do you think I should do? — John, Pacific Palisades, Calif. Answer: I’m sure you’re getting all kinds of suggestions about where to invest your money from relatives, friends, co-workers and, of course, from people who peddle investments and financial services. And, who knows, some of the recommendations may even be helpful. For example, maybe some sensible person has already intimated that before you invest a dime, you may want to check out IRS Publication 530 to see how much, if any, of the sale proceeds you may want to set aside for taxes.

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