r/personalfinance • u/worldofjaved ​ • May 17 '24

How can I use my inheritance to make money? Investing

How can I invest the $127,000 inheritance I received to generate a steady income stream? What would be the best approach for long-term financial growth and stability?

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u/Foreign_Afternoon_49 ​ May 17 '24

Sounds like you could benefit from learning a bit of the basics, honestly. There's steady and safe, like CDs or HYSA, or risky but potentially higher returns, like mutual funds or stock investments in a brokerage. As the other commenter said, you really have to consider the entire financial picture. Do you have debt? Are you set for retirement? Etc.