Protecting Your Settlement
Most people’s idea of investing their injury claim money is the purchase of a Harley Davidson. Some people decide to buy two as a hedge against the downturn of the value of one. Neither of these is a particularly good idea.
If you get a substantial settlement from an injury claim or trucking accident claim you are going to want to use it wisely. You don’t want to put it under the mattress, nor do you want to go blow it on a frivolous purchase.
I’m not an investment advisor so I can’t give you advice on what to do with your money, but I can give you advice about seeking advice, and I say you should do that. Talk to a licensed investment advisor, and if you don’t know one, ask your attorney for a referral. The right financial advisor can help give you ideas and formulate strategies as to how best to protect and grow your money, and maybe even secure some of it as a legacy for the future of your family.