by Jeffersonian Democrat
Mon Feb 4th, 2008 at 12:02:03 PM EST
Ok, this is the deal. I am not dumb enough to request financial tips off the web, but I am dumb enough to lose a lot of money and comfortable future if I do not use it right. So what I am asking for, if you are so inclined to give advice, is a list of things to take to a financial advisor (I bank at Merril Lynch in the US and Sparkasse here in Germany)
From what I hear, my pension is on the verge of being upgraded. It is a US Veterans Administration disability compensation, to be exact. The question now is whether it goes back to 2002 or 2004 and whether it is 70% or 100%.
This means a range of 45k -90k Euro in one tax-free lump sum and around 2,500 USD tax-free per month for life.
The question is, what do I do with it? Since I live in Germany, and Jerome has stated that the German economy is well suited to weather the coming storm, that I should perhaps invest in short-term FRG bonds and wait until the smoke clears to start investing in companies.
That is my plan at the moment. But if anyone has other ideas that I can take to a financial advisor and discuss, well, that is what I am asking for. Because I may not know what is out there to invest in or how safe it may be in the coming months or years.
Thanks to all who may have an opinion.