Where to put money?
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Anonymous
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My DH and I are in the unbelievably fortunate position of having more money than we know what to do with. We have about 10 million invested in Vanguard funds, and I invest about 100k each month, but as money is coming in quicker it seems like we should diversify. I manage our money and am not sure where to start. Should we invest in real estate? Get a financial advisor (I follow boggleheads and invest monthly in a mix of bonds and stock/international stock). We could pay off our mortgage but it's at a 3% interest rate so seems like it would be better invested elsewhere.
Any advice? Thank you in advance. |
Anonymous
| Get a financial advisor. |
Anonymous
OP here - where? A private firm? Or just use Vanguard financial advisor? |
Anonymous
I'm not in DC, so I don't have a recommendation for you. Maybe ask your attorney or accountant if they know anyone who works with VHNW/UHNW clients. |
Anonymous
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It sounds like you're outperforming a lot of advisors. Consider moving more into Treasuries or similar given that we're overdue for a downturn and in an AI bubble.
Increase your donations. Food banks are getting slammed, and the end of USAID left a huge hole for people abroad who need food and basic medical care. Consult with a tax professional (CPA) if needed. |
Anonymous
| Waterfront property (lake or beach) are always hot! |
Anonymous
| Put it in SGOV and CAOS for the short term. When the market crashes and hits bottom in three years buy VGT, XLK, SPMO and a little UPRO then ride it all back up. |
Anonymous
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We’re in a similar situation in our 30s and parking it all in VOO. We’d do things differently though if older (mid 40s+) or if we had different careers or wanted to retire early.
It’s really dependent on a lot of factors and (understandably) your post is pretty vague so it’s hard to recommend any specific path / strategy. Eg if you’re 50 - I’d be a lot more conservative than 20s or 30s or early 40s. |
Anonymous
| Vtclx works for me at 6 million; in seven years it will work at 12. |
Anonymous
What does increasing donations have to do with investments?! -not OP |
Anonymous
| Op, how old are you and your DH? It all depends on the liquidity you need soon or in the future. |
Anonymous
| You need to take focus on tax planning. |
Anonymous
The first line of the OP is “ My DH and I are in the unbelievably fortunate position of having more money than we know what to do with” and the subject is “where to put money.” Donating a good portion of it, especially if you have an extra 100k per month, is a great idea and an answer to those queries. |
Anonymous
100% ! I’d hire someone who does tax planning for high net worth families asap - meaning before the end of the year so they can reduce your 2025 tax liabilities. At your income level, there are so many ways you can legally reduce your taxable income . Charitable donation is one of them, and these guys know how to structure that. You also need to consider setting up a family foundation and investing in short term rental properties to get a bonus depreciation and reduce your taxable income all while continuing to build your wealth. Best of luck to you. |
Anonymous
OP you need to do this through a Donor Advised Fund for the tax benefits at that level. Open one through Fidelity and fund before the end of the year. |