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.
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.