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Reply to "1.4 million net worth - financial advising?"
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[quote=Anonymous]900K in cash or already invested somewhere? You could also explore RE investments, I mean, rentals. Not saying it's easier, there are different types of hassles there. You could also diversify into a rental and Markets, many do this, but it's also more work as you'd need to learn about 2 types of investment vehicles. I am guessing here a lot of people have finance background, maybe went to business school or worked in a related field, so they are more comfortable with stock markets. Others prefer tangible type thing or even a business investing. Easiest way is to have someone else manage for you, but apparently it's a waste of money like others say. I am just generally annoyed that all after-boomer generations not only have to work hard to make money and then be frugal and save, but also have a second job investing it just to keep up with inflation. I wish it wasn't this way and you could keep your money in an old fashioned savings or a CD paying some minimum percentage and leave the job of investing to the banks that pay you interest. And I wish we had pensions... and better functioning healthcare. Oh well. [/quote]
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