Safest way to invest large sum of money

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Pay Off Debt

Line up 50 humans and each one might have a different definition of «a large sum of money. In any case, falling into extra dough can put more stress on a relationship than catching Mommy kissing Santa Claus or that hot bartender. Having a plan can make things roll a bit more smoothly. While paying off debt does not sound like an investment strategy, the U. Securities and Exchange Commission argues that you could not make a better or less risky choice.

Here are the best investments in 2019:

Millions of U. Whether the funds are for family or friends, or to purchase international assets , it is often difficult to conveniently send large sums of money. In addition, with so many options available, people need to take into account the speed, support, and costs of the various methods that financial institutions provide for sending and receiving funds abroad. The following are five of the best and most secure ways to accomplish this task. Some banks let people take money directly from one bank account and deliver it to a recipient’s bank account. These types of transactions can be arranged online, over the phone, or in person at the delivering bank. They may have a fee depending on the institution, and the account and routing numbers for both the sending and receiving banks are required.

How to Invest a Large Sum of Money for Financial Independence

Best Ways to Maximize a Lump Sum Distribution

And stocks are well-known for their volatility. So as a place to park your cash, money market funds provide no real zafest compared to banks. Below are a range of investments with varying levels of risk and potential return. You can count on getting interest and your principal back at maturity. Some banks require these transactions to be the kind where you swipe your card and sign a physical receipt, rather than typing in a PIN.