Two million dollars. I want to invest all of it. I'm 20yo and I love to learn about finance, money, investment, wealth, etc. I'm currently a finance student at HEC. I think I already know a lot (or at least enough) to start investing super securly (no risky trading/gambling with stocks/options, only blue chip dividend and growth stock kind of thing). I do have debts and things I want/need to buy now, but I did the math and I know that I could live from this 2M$ investment if I invest it on stocks with an average APY of 5% (which would generate 100k/year if the stocks themselves do not decrease), so investing that sum is way more worth it than using it now.
Here is the thing: I don't want to give this money to a portfolio manager, hedge fund, banks funds with different risk levels or to anyone that is supposed to use it more efficiently and in a smarter way. I want to learn everything these people do, how they do it and apply it myself to be in total control. Not by ego but because that is my actual goal: manage my own wealth. I want to become my own portfolio manager. I think these people won't help me learn about finance and how they manage money. I think they are only here to use mine and take their % of profit, which is their goal commercialy and I respect that. I think that letting a pro manage your wealth can be a good idea for someone that isn't interested in finance as I am or for someone who doesn't have the time and energy that I have to watch regularly a portfolio.
So I'm asking you guys: what should I do? Should I invest it all myself? And even if I do it by myself, should I DCA over the next months/years (buy a certain amount regularly) or throw it all once? Should I consider other investments opportunities such as real estate, crypto, etc.? May be I shouldn't even touch this money and forget it until later?
I already know that I need to invest in myself because one's mind is his greatest asset. This is what I'm doing with school and everything I learn. But I can objectivly say that for now, I'm not 100% ready to manage 2 milions dollars. I need to know what to do with this money. Thank you very much and sorry for my english mistakes.
Submitted May 29, 2021 at 09:30PM by dzramoe https://ift.tt/3fYRIFJ
