Every year, I get sucked into the addiction that is innocently called McDonald’s Monopoly. Mind you, I have yet to win any single prize other than food, but I thoroughly enjoy the thrill of peeling off the pieces and hoping for the coveted financial windfall (now you can play online!). In the event that I do win, you won’t see any posts for a minute…I will be a bit too busy traveling the world….
If you should win and have no clue what to do with all of your new money, here are some savvy tips to make sure your money doesn’t get funny:
- Hire a financial planner, investing consultant or investment banker to help you navigate the investment world and identify new opportunities.
- Invest in safe investments like stocks, bonds, money markets and CDs that are likely to remain stable during the recession. Evaluate your portfolio monthly to check on the progress of your investments. Scale back on high risk and medium risk stocks. If you are unsure of investing in stocks, deposit your money int FDIC-insured bank accounts, such as money markets, CDs, high-interest-rate savings accounts and interest-bearing checking accounts.
Let’s pray that one…or all of us…win so that we can use this great advice.
Keep it strictly fab!
