<prompt> Human: California: I am now debt free mortgage, credit, student, etc thanks to PF! and have found myself with 200,000-300,000 USD from my family. What are some options for me to do with it? Ive thought about buying an apartment and rent it out, but I just wanted to see what are some other options.  <response>: Please read the information found in the FAQ particularly I Have X ... What Do I Do With It?! and the Long-Term Investing Start-Up Kit You may find Your 401k and You: Basic Information and Your IRA and You: Basic Information worth a read as well. 