You are moving towards the right path.

Financial planning does not mean to put all money in some investment channel. A good financial planner always plan in such a way that the money will grow as well as you won't face any type of financial problem in future. Hence, always keep some money in an emergency fund.

I ran into you just in time....I am a young lady that just ran into some money a while ago and i knew i wanted to invest it to make my money grow so i did alot of researching and I as well got a financial advisor that put me in the path to the best investment company thus far....they give me a HIGH fixed return and it doubles my principl every 4.5 yrs. Whats also good is you receive quarterly statements so you can see how your money is growing you even get the option to receive quarterly checks off your principle if you choose. Just make wise decisions and don't put all your eggs in one basket. GOOD LUCK

Hello,

The market is at a historical low. Investing now is a great idea because your son could achieve up to a 30% discount. Stock ownership will account for inflationary risks as well.

Depending your son's age he has several different options of investing (these are just an estimate):

If your son is under the age of 18 he cannot legally have an account, and you would have to be the custodian. In this case, I would suggest opening an UGMA account (Uniform Gifts to Minors Account), in which you can invest on his behalf, and the account rolls over to him at the age of 18.

If he is above the age of 18:

He should first take advantage of qualified tax deferred investments such as a Roth IRA. He would pay taxes on the way in, and assuming his taxes will be higher at as he ages, he will not have to pay taxes on the money as it comes out, except on the gains.

If the remaining funds are mainly to save for retirement purposes there are funds available that guarantee against loss--and even guarantee a locked in annual gain. This is called a personal pension which takes advantage of the upside of a mutual fund mixed with qualities of insurance. There is a locked in annual guarantee, and if the market exceeds this, the fund appreciates that amount, but if the market turns sour, the fund is automatically ratcheted up the guaranteed percentage. Currently at 7%.

Your son could also take advantage of a mutual fund.

In terms of allocation, I would consider 70% equity, and 30% cash and bonds.

If you would like more specific details, please contact me directly as I am a professional in this field and work with clients across the country. I stay in direct communication with all of my clients, and guarantee a very comfortable experience.
Please contact me directly for my personal contact information.

-Rachel

Good job getting a financial adviser. You should do some research yourself too! Try to find out what is cheap in today's market. it'll certainly go up in a few years because stocks are at a low right now.

I personally would seek a financial advisor. But I would also look at diversifying it among ETF's.

Diversification is a key investment strategy - personally I believe the stock market and real estate at present offer brilliant discounts for long-term investors, but it is definitely worth mitigating risk by diversifying into different investment vehicles - stocks, real estates, bonds, etc.

For ease of cash use some index mutual funds they are your cheapest option with the best return.

Longer term money should go into to mostly blue chip type stocks if he is going to need this money in the future and can not risk losing it. For that matter you could use the index funds for it as well.

Naturally to get really high returns will mean greater risk are there any companies that you know of that are newer and have growth potential,if you do not know of any look for a fund that invest in them.

Spend a lot of time talking to any potential advisers before choosing any, and yes it may at the start be better to chose more then one.

All the best from RobertD at Personal Budget and Budgeting

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Make sure wherever you go that the advisor doesn't try to push proprietary products onto you.

An advisor is a good idea; two would be better! In other words, talk to one without making a committment, then talk to another and compare their advice.

I can offer you some good ideas - email me if you are interested.
Tooz

When selecting a financial planner please make sure that he is a fiduciary. That will insure he or she will be keeping your best interest first and not just selling you an investment to earn a commission.

Give it to meeeeee

either way, an adviser you meet face to face is best and 1+ on possibly getting more than one. the only thing I can say is to make an effort to familiarize yourself with what he/she is doing with your money. Not to say anyone would be dishonest, but to understand where and why your money is being put where it is.

lmk if you would rather let me hold on to it though

Depending on the age of your son and depending on exactly how safe he wants his money to be, you may want to look into a Fixed Indexed Annuity for some portion of it.