Hi, I have been working on something and it took off exponentially, I am making around 5-10m$ annually with that, even though this feels surreal, I really don't know how to invest/use this, mostly because I never had this much and this wasn't progressive enough for me to get used to it. I am 26 and I want to turn this opportunity into wise investments so that I never have to work if I don't want to, any advice? My current net worth is 4m$, and I am not working anymore
If you are making 10m$ annually how is your net worth 4m$?
At this kind of income, get a wealth manager / advisor, and a good one (known firm, not corner shop). They will help be tax efficient and decide how to invest your money properly. Don't cowboy this, paying an expert is the right thing to do in your situation.
You’re making $10m a year and you’re on blind asking for investment advice?
Yeah, I am not asking only on blind, there might be someone who knows something that could be useful, what is wrong with asking for an advice?
I don’t think he is making the money in finance sector. One may be an expert in tech and a noob in finance. 🤦♂️
Index funds and real estate
Congratulations! First, make sure that it is actually going to sustain and that you aren’t missing some big risk or something. If there are investments you can make to derisk the income stream then that is money well spent. Examples might be putting a key employee onto an incentive retention program, buying liability insurance, or heading off emerging competitors. Second, evaluate whether a portion of the income should go directly back into growing the income. Only you can evaluate whether you have a good risk/return opportunity that is better than what is available on the general market. Can you expand/reproduce the income stream? Finally, if you have done the above two, then work with a financial advisor on building a diversified fund. Personally I would recommend something pretty conservative. You should think in terms of wealth preservation, not wealth creation.
Try to diversify between stocks, mutual funds, bonds, crypto, real estate, gold...based on ur risk appetite and what works for you. . If it's too much of a hassle, just hire a good investment adviser😀
Lambo, vacation, women
Read this. It’ll take you 10 minutes: https://jlcollinsnh.com/2023/10/08/32-things-to-know-about-following-the-simple-path-to-wealth/
Don’t invest in international stocks and look for growth in US stocks by never selling? Yes this guy clearly has no idea how to beat the market. You can time the market to a small extent (obviously not perfectly) and adjust your asset class and market segment diversification with different cycles. This advice is good if you don’t have time or are too dumb to figure out how markets will act in the long term. You can literally just read real news every day and be waaaay ahead of the average retail investor in terms of making intelligent predictions. That’s before even getting into fundamentals.
This isn’t about trying to beat the market. It’s about making wise investments when you have limited understanding and not losing your shirt
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What was it that you built?
Clearly it's a money printer
Printer goes brrr