Coming into money

[Anonymous]

I really don’t think you should ask this board too much about managing big chunks of money. Most people here don’t have high net worth portfolios. But generally speaking if it’s less than 5m, manage it yourself. If it’s more than 5m, I would get an advisor - there are a lot of different types of investments that are unlocked by having higher liquidity. Also you really need some tax advice with it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:1. You do not need to hire anyone.

2. Just pay off whatever debt and then put the money in a total market index (like the VTSAX mentioned above).

3. Sleep well.

4. Profit.

Ugh. No, do NOT put all your money in a total market index. You need some money in cash and some money in bonds, and then yes investments. That’s literally finance 101. 5-10% cash, 10-20% bonds (I’d don’t know how old you are, but this is appropriate for middle age). As you get older you want less exposure to the market. But the big take away is you need financial advice since you are crowd sourcing DCUM and also indicate you have no financial discipline.

Eh, I would say this if they didn't have any other money, but they do. - OR