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More money than legal ability

2 points by codemac ↗ HN
Hey HN.

I've gotten revenues of random iPhone and Android apps (I wont link here, but think farts) that now have earned me a considerable amount of cash.

I don't know who to turn to when it comes to financial advice. None of my friends have financial advisers, so I can't go on community suggestions. Anyone in the Califonia/Bay Area who can help me navigate this? I probably wont have this money next year, but as a crazy liberal I want to make sure I do this right (my farts can't last forever).

Any help would be excellent. Thank you for your time.

2 comments

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nkurz
Depending on the amounts you are talking about, I might not have the experience to help you. The general advice would be to park it somewhere safe for now, realize there is no rush, invest it over time rather than all at once, and find a fee-based (rather than commission-based) financial advisor to assist you.

But I would suggest that if it's money that you can potentially afford to lose, you should at least consider investing in small local companies that you enjoy patronizing. It's easier if you are an "accredited investor", but still may be possible if you are not. There's no easy way to find which businesses are seeking investment, but it never hurts to walk up and ask. There's potential for high returns, and it's certainly a lot more interesting than a mutual fund!

(My specific advice would be to find the best local sorbet shop you can and talk to the owner about investment opportunities. OK, just joking, but feel free to check my profile for contact information. I'd be happy to discuss in general how it works on the business side.)