@alexjml Taking this advice would be easy only if financial advisors would truly uphold their fiduciary responsibilities. But most don't and there is little to no recourse when u realize years down that ur advisor was garbage and was looking only to line up his pockets because that assessment is always circumstantial. I would much rather hire a financial advisor for a one time gig every few years just to assess my portfolio and educate me on new products and do the research myself. Again that's just me.
@omnitude If you don’t need to pay off debt or anything just put it in VEQT and forget about it until retirement. Could quite possibly fund your whole retirement in 40 years.
@omnitude Buy some precious metals like silver or platinum, both are undervalued currently, both are used in many applications, both are not mined from the ground at the rate needed for industry, shortage is coming, prices will go up.
@omnitude I'd play it safe and talk with the bank about putting it toward your mortgage. There are some very safe investment options if you are doing well for income right now in your lives such as a GIC. Do you have any other debts or loans that are charging interest? If so you might want to clear those first.
@omnitude Invest the 100K in thirds. 1/3 in 3 year investment, 1/3 in 4 year investment, 1/3 in 5 year investment, and when they each mature, keep rolling them over until you retire.