World Inherited

If I inherited an unexpected large sum of $100,000 for which I had no pressing financial demands and decided to invest for 10 years my first step would be to do an honest assessment of where I was at in my life. A snapshot of where I am personally, professionally, and financially would look like this:

* Personally: 23 years old, single, never married, one 4 year old son, focused on raising son, attending Fisher College full time nights, active in sports, large circle of friends, enjoy going out and traveling with friends.

* Professionally: Employed as a shipping coordinator with Rue La La, salaried position, company is focused on internal growth for employees; typically receive a competitive raise, better than average salary for someone my age, full benefits.

* Financially: Minimal debt, active E-trade account, employed full time, live at home rent free, little to no living cost.

At this point in my life my strategy would be a high risk for a possible high reward. My exposure is limited and if I lose money my style of living – home, family, and education is still going to be about the same. I may have to adjust the way I spend on things that are just for fun or trips but overall my life pretty much stays the same. This is the time to take a shot especially with unexpected money. My category of investments would be in the stock market. My strategy would to be to go with a large number of calls and puts because with this strategy you can make the most money for a known risk. I would also focus on looking for technology stocks where the company was struggling but had potential for a turnaround or could be acquired by another larger more successful company.

At this time in my life I would choose big risks as I mentioned above but I would look into the gold market and real estate. While both of these investments are risky I would still have an asset if the investment had a downturn or did poorly. Also while these two investments are...