Re:Ask HN: What did you do when you suddenly got rich?
by refurb on Thursday July 25, 2019 @12:12AM
(#20522491)
Many of the companies on the S&P500 are global businesses whose value is based only partially on the US market.
Also, if something big happens in the US (9/11), stock markets tend to take a hit globally.
That said, I’d still diversify into a few international indexes.
Re:Ask HN: What did you do when you suddenly got rich?
by ninefigs on Thursday July 25, 2019 @01:25AM
(#20522792)
Actually it looks like I have it about 10% in real estate, 20% public equities, 10% private equities, 20% cash, and still 40%... crypto!
Re:Ask HN: What did you do when you suddenly got rich?
by thekyle on Thursday July 25, 2019 @12:50AM
(#20522641)
Personally I prefer total market funds to the S&P 500. VT is a good Vanguard fund that provides market cap weighted exposure to global markets.
Re:Ask HN: What did you do when you suddenly got rich?
by anaisbetts on Wednesday July 24, 2019 @11:53PM
(#20522423)
Yep, foreign real estate is a good way to do this, and also gives you a passive'ish revenue stream
That's a lot of money to invest in the health of one country's stock market -- a successful terrorist attack (think a dirty bomb in NYC or even multiple cities) could wipe out a significant portion of that overnight - it will likely recover eventually (as it did after 9/11), but that's a time when you'll want access to your money
I'd diversify across countries, and maybe precious metals.