Re:Ask HN: What did you do when you suddenly got rich?
by 1123581321 on Wednesday July 31, 2019 @04:39PM
(#20578287)
You’ve misread.
“Note that don't buy in all at once, diversify not just the investments but also by time, so you're not buying all into the stock market at once.”
This is the recommendation.
This also gives you time to think and reflect about how you want to use your money and what legacy you want,”
This is the main reason, comfort/acclimation.
“while also getting some returns on investments”
This is saying you’ll get better returns than cash, so the price of structuring your investment for comfort will be somewhat mitigated. It’s not advising DCA or suggesting outperformance of or parity with investing everything up front.
“Note that don't buy in all at once, diversify not just the investments but also by time, so you're not buying all into the stock market at once.”
This is the recommendation.
This also gives you time to think and reflect about how you want to use your money and what legacy you want,”
This is the main reason, comfort/acclimation.
“while also getting some returns on investments”
This is saying you’ll get better returns than cash, so the price of structuring your investment for comfort will be somewhat mitigated. It’s not advising DCA or suggesting outperformance of or parity with investing everything up front.