Hey, Bob! You're a financial expert, aren't you? I hear you know a lot about investing.
Well, I don't like to toot my own horn...
But I did go to school for a few years to study stuff like that.
Excellent. Do you mind if I pick your brain for a second?
For you, my friend, anything. What's on your mind?
My wife and I recently inherited some money.
It's not a huge amount, but it's enough to make us consider investing.
The problem is that neither of us has any experience in this field.
I see. Well, that's a nice problem to have, isn't it?
Yes, I guess it is.
My wife's great uncle passed away last month and we unexpectedly got a call from a lawyer telling us he left us something close to twenty thousand dollars in his will.
Well, that's the kind of windfall that only comes around every blue moon so I agree that you and your wife really should think about investing.
The problem is that there are so many options...
Some offer stability but the money grows very slowly. Other options are more risky, but have more earning potential.
The stock market is one choice, but it really seems quite risky to me.
Stocks are risky. Most people who invest in the stock market end up losing money.
The people who do make money—such as Warren Buffet—are in it for the long haul, and they have enough money to ride out the low points.
I'm not sure I'd recommend you put your money into the stock market.
Okay... how about property? Lots of people have told us we should buy an apartment.
They say land or real estate will always appreciate in value.