TECHIES: Where to invest a million dollars?
I worked hard and got really lucky and now have saved up to a million dollars in cash.
I want to invest this somewhere but don’t know where to go. I don’t want to invest in the stock market myself as it’s a very large sum, but I want some firm to do make these decisions for me so I can focus on something else.
These are some options I see, who charge a few of 0.25-1% per portfolio.
1. Wealthfront
2. Betterment
3. Schwab private client
4. Schwab robo + manual advisors
5. Other equity firms - suggestions?
6. Buy a house (I am currently renting)
I see that most of the firms go by the same strategy - they ask for your risk score and just diversify based on that. In the end, everything’s up to luck(if markets are favorable)
What I want:
* Grow my money with zero involvement.
* Be able to make a some donations every year.
* Be able to fund personal / non-profit projects.
* Buy a home later when I need it.
I know there are a lot of millionaires on blind.
What do you guys do with your money?!
TC: 500k
YOE 9
comments
If you’re a bit more open to risk DCA into SPY.
I don’t think you need an advisor unless you’re trying to do something very specific.
Don't take my word for it, look at its Amazon reviews.