Where to invest windfall from rental property sale
Hi smart people,
we will be getting a windfall of ~$350K from rental property sale. I am looking for an advise from the community as to where should I invest this money? I have been a DIY investor for our other finance portfolio.
I am some 15 years away from retirement.
Not looking to invest in real estate anymore
One option I have been considering is invest in typical low cost index ETFs such as VFV, XEQT, XIC, ZLU etc (similar to majority of my other portfolio)
or should I look for a financial Advisor? I would look to get FA only if they invest in stocks and confidently beat the index funds - I wouldn't want to pay them management fees if they are going to invest in similar low cost ETFs. I have stopped investing in individual stocks as I can't manage on daily basis, but I would think there must be FAs out there who are smart to know the market trends and get great returns from stocks (e.g know how to cash in on AI, energy, defense stock boom recently etc.) then"boring" ETF investing. I sort of hate that even being in the tech sector I have missed AI stock rally, Micron or Palantir rally other chip stocks boom by not investing in individual stocks!
Happy to hear different thoughts!