DISCOVER
×

Video transcription

This is financial adviser Patrick Munro talking about the best place to invest large sums of money. If an individual is fortunate enough to have a large amount of money, he should keep in mind the concept of diversification. What you need to do is cut that money up into pieces that are well placed into fixed investments, into real estate if it's a large enough amount of money, into securities and also never forget insurance. One of the best places in fact to invest a large amount of money is in a single premium life insurance policy because what it will do is if it's tied to an index such as the Dow Jones Industrial index, the SMP 500, and there's certain growth parameters that go with that money, you can withdraw the returns from that money out of a life insurance investment tax free. All the other investments that I referred to earlier, real estate, mutual funds, stocks, bonds, you have to pay taxes on the rate of return. So best place to invest large amounts of money depends on a lot of factors, risk, taxes and things of that nature so make sure you educate yourself about those factors. This is your financial adviser Patrick Munro talking about the best place to invest a large amount of money.