facebookHusband just passed away and I am left with 500,000 in savings. How should I invest this money to ensure that my 2 children can have enough to finish their higher education? - Seedly

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Anonymous

13 Nov 2019

βˆ™

General Investing

Husband just passed away and I am left with 500,000 in savings. How should I invest this money to ensure that my 2 children can have enough to finish their higher education?

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Arpita Mukherjee

13 Nov 2019

Community Evangelist at Kristal.AI

Hi Anon,
I am so sorry for your loss. I know nothing can fill the gap, but I can tell you this - He would want you and your kids to have a satisfactory life and so, you should definitely invest your money so that you have enough always.

You can go for REITs, other ETFs and bonds, but before you do that, I'd suggest you read up as much to understand what a Robo-advisor really does. Robo-advisory platforms assess your current financial position and recommend a portfolio strategy after reviewing your risk profile. These bionic advisors are still not very different from your ordinary financial advisors as both options will still have a management fee incurred for users. The difference lies with the amount, as Robo-advisors have lower management fees. And the best part is that they give you the most unbiased advice.

You can read here for a better understanding.

I work at kristal.AI, and my mojo is to help people make the right financial decisions. If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.

Hariz Arthur Maloy

03 Apr 2019

Independent Financial Advisor at Promiseland Independent

Condolences to you and your family Anon. No amount of money can ever replace losing a loved one.

I ...

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