Investment advise
I have vested stocks valued at 1.3-1.4M and unvested shares at 2.2M. I have only done small amount of selling in the past and kept most of it in the account. I want to start diversifying the vested stocks now, since I still have good chunk in unvested category. Talked with Charles Schwab advisers and they recommend to put on some sort of value based less volatile hand picked option. YOY return little better than index fund but less risky. Can’t remember the numbers. Also doing research with my spouse about commercial real estate, franchise, other types of business. All have pros and cons, but real estate seems very promising due high tax benefits on many fronts and we can hire property managers to run it for us, so more of a passive engagement. I am wondering how people are investing their money. Not sure if I should walk up to colleges as ask them about this, Charles Schwab agent was not that helpful, also looking to find other advisers, if anyone knows where I can find good resources or had experience, can you help? Thank you. My goal is to build generation wealth that I can pass down to my kids.
Why not see a financial planner to answer all your questions and come up with a plan?
Good idea, I will have to find someone outside of Schwab.
I would check the fees for such funds, the risk reward along with the management fees in some of the index funds is super hard to beat
I sell my RSUs and ESPP every month and buy a total market index fund
It’s ridiculous to look for advice from most people here who don’t have that much money. Get a paid consultant for advice, dude
I will, wanted to hear what others thought.
Keep in mind that Schwab wants to make money for themselves more than they want to make money for you. Less risky than an index fund sounds suspicious. That said, read this article and consider the wisdom of potentially spoiling your kids: https://www.theatlantic.com/membership/archive/2018/05/images-of-a-new-american-aristocracy/560516/ Hard work builds character. Handing down wealth won’t make them any happier. Consider charities and talk to your kids about that. It might inspire them to be better people themselves in a way that handing them money cannot.
Well he can pass it down if his kids work hard
Interview financial advisors. You can find them through local community groups or friends. Some will be slick or obvious conflicts of interest (avoid further contact with them), but some will talk to you like they’re your family. Basic advice is to just buy highly diversified ETFs, and allocate according to your risk appetite. VTI, BND, VXUS, and BNDX
All the vested and unvested shares are of the same company? Or they are already diversified.
All Facebook
Bogleheads.org -- you're welcome.
What level are you?
7
How many yoe? When did you join FB?