Re:I am rich and have no idea what to do
by toast0 on Friday January 03, 2025 @04:09PM
(#42589486)
As a way to rid yourself of excess funds, it probably works? Likely more effective than a sailing habit, unless you get into racing.
But there's no need for it in your investment portfolio. Pick a mixture between 20/80 and 80/20 stocks/bonds, buy index funds and you're good. Easy and scalable... This works for normal money too, but you probably want a meaningful amount of cash and you may want to more carefully choose your stock/bond ratio. Maybe if you've got tens of billions you might need something else, but it'll probably work for that too.
But there's no need for it in your investment portfolio. Pick a mixture between 20/80 and 80/20 stocks/bonds, buy index funds and you're good. Easy and scalable... This works for normal money too, but you probably want a meaningful amount of cash and you may want to more carefully choose your stock/bond ratio. Maybe if you've got tens of billions you might need something else, but it'll probably work for that too.