I've been in that situation since the 1980s. I put the money into T-bills, back when they paid 7%. Now it's mostly in brokered CDs and index funds. I still have about as much money as I had back then, although I haven't quite kept up with inflation. Brokered CDs are useful because you can spread them out across multiple banks and get the $250K FDIC guarantee at each bank.
Most people who get a lot of money all at once blow it within 7 years.
I found "The Challenges of Wealth", by Domini, to be useful.
The trouble with investing is that you're competing with people who are smarter than you and do it full time with other peoples's money. Not that they do it very well. VC funds, as a class, lose money. So do hedge funds. There really aren't many good investments right now and there's too much money chasing them. So go for safety, not yield.
Most people who get a lot of money all at once blow it within 7 years. I found "The Challenges of Wealth", by Domini, to be useful.
The trouble with investing is that you're competing with people who are smarter than you and do it full time with other peoples's money. Not that they do it very well. VC funds, as a class, lose money. So do hedge funds. There really aren't many good investments right now and there's too much money chasing them. So go for safety, not yield.