Hey Seedly Community! If you have won $30k in a lucky draw today, how would you go about allocating that sum of money to invest/use it? Do share your thought process and strategy here!

Currently extremely bullish on Uranium. I think the catalysts are there and while it has been increasing quite steadily over the past few months, it has yet to reach its potential. Following the instability of other renewable energy sources along with the recent pledges to reduce carbon emissions from the COP26, Uranium still has quite a fair bit of room to run. I'm putting about 10 - 15k of the 30k into Uranium equities (half into producers such as CCJ, and half into explorers such as fCU.TO).

I also had a similar question in mind after reading this article: https://hugosave.blog/4-money-personalities-sin...
 
If someone hands you $200, what do you do next? Regardless if it's $200 or $30,000, my answer would be the same. I would invest my money in different financial products as just leaving your money in the bank would not make your money work as hard.
 
My suggestion would be to build a balanced portfolio and consider exploring alternative investment options such as gold as well. Gold offers stable returns and is also a hedge against inflation. It can also dampen out the volatility of your other investments.
 
If you are interested, this article should help - https://hugosave.blog/singaporeans-buy-gold/

TSLA 90%, PLTR 10%. Stock market is on sale now!

ETFs, alibaba, REITs and dividend yielding stocks to help my parents retire