My dad is getting old, and he is wanting me to learn more about finance so I can take care of about 1.6 million USD. I know enough to know that amount isn't what it used to be, and is unlikely even to last a few decades.But can we build wealth through smart investing? What does that look like? Right now, most of the money is invested through Vanguard, about 30% are in bonds which have now matured (and are being cashed in), and about 20% is in gold.Did my dad fuck up? If so, what is a reliable way to invest the money and just make a small return? I'm not looking to gamble on risky things, but is it possible to invest in such a way that if I decide to live below my means, I can just quit my wageslave job?
100% on MSCI world and withdraw 3% yearly, if you can live on that then you are goodif you want more gains but more volatility, 100% SP500yes, you may be investing right before a bear market starts, but you may also get sidelined if you dont buy and hold cash if you want more risk:reward, buy MSTR
>>59653982>MSCIThanks, I'll look into them immediately.
>>59653922annuityiraindex fundsyour pick
>>59653922>is unlikely even to last a few decades.what? do you think that bread will cost 200$ by 2045
>>59654136We're talking about America, dawg. Everyone is just one denied health insurance claim away from bankruptcy.
>>59653922just keep it diversified in stocks, bonds, gold, and bitcoin (more in stocks and btc if you want to take on more risk for more return, more into gold and bonds if you want less risk and less return, but remain invested in all four to some extent, like at least 10% in each). then, the key is to not become emotionally invested in watching the markets every single day, because that will just cause you to make bad, emotional decisions. it might also be a good idea to learn how to safely hold some gold, silver and btc in your own physical possession, so that if any truly wild shit happens, you won’t be completely fucked. you don’t have to go full prepper and put all of even very much of your money there, but a little wouldn’t hurt especially if you’re already holding gold and btc in your investment portfolio. and lastly, owning real estate is also a good way to diversify yourself and protect against inflation. you could maybe use 10% of that 1.6mil for a down payment on a house, unless you’re going to inherit one already or you already have your own or something.
>>59653922It's already allocated you don't need to do anything except reinvest the matured bonds. Start reading and learning. Don't rush into anything.
75% in Vanguard or other low risk program 10% in BTC but MAKE SURE YOU FUCKING DCA YOU RETARD. DOLLAR COST AVERAGE OR YOU MAY GET REKT15% play around with high risk shit. You can take some of the Vanguard funds and buy a house to rent out, but we're due for a crash eventually.If you rent it out, only rent to white people or asians (INDIANS AND PAKIS DON'T COUNT)GL anon.
>>59653922Use 20-50% to buy LINK before this evening
>>59653922Put everything into $MamaTRUMPTomorrow you will be billionaire.
>>59654040MSCI World IndexNot the stock MSCI.
>>59653922DCA into S&P500 over the next seven years. (spread your risk)Slowly reduce the gold position over the years (it's just a metal with tiny amount of utility, value derives from faith of others, which is very risky, but everybody pretends it isn't).Bonds/HYSE.These are your options. btw $1.6m * 4% is $64k/y
>>59653922VOO is a good start, the bulk of your investment should be DCA'd into an index fund like that.You could keep ~10% in a bond ETF like GOVT as a hedge against poorly performing markets. Not worth holding individual bonds really.Don't hold gold, it's retarded. Sell that shit and get a good price for it.
90% in spy puts
>>59654225>not become emotionally invested in watching the markets every single day,This is my fear. I've never really worried about this until now. It seems easy to get sucked into watching the market constantly if your livelihood is at stake. I've never appreciated that before, but I do now.
>>59654613important to understand that even though things go up and down in the short term, basically everything always goes up against the dollar in the long term. you shouldn’t think of yourself as trying to “trade” stocks or btc or anything else, you should just think of yourself as “having” stocks, btc, etc. that way you understand that the short term moves just aren’t relevant to you.
>>59654597what are you babbling about derr just short the market with some ticking time bomb put with the kind of money that'll spit off money forever safely obviously no mention of expirey length of time position size cause you're clueless or giving bad advice on purposejust don't listen to this retard. some of the other advice in the thread is solid though
