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I was in a similar situation recently. The best thing I did was to find a VERY GOOD investment advisor who handles my finance. By very good, I don't mean Madoff
by cmer 16y ago
I was in a similar situation recently. The best thing I did was to find a VERY GOOD investment advisor who handles my finance. By very good, I don't mean Madoff good, I mean somebody who doesn't promise the moon and really knows what he's doing.
The problem is that 99% of these people are jackasses and have no clue what they're doing. Ask rich people around you who they use and interview a few of them. Only go with someone you feel 100% comfortable with.
I would also advise you not put all your eggs in the same basket. And put some money aside for your next startup!
- cookiecaper 16y agoI'd imagine hiring a good financial planner is like hiring a good programmer: it takes one to know one. Are you sure your financial planner is so good? How do you know? Gains aren't necessarily a signal -- Madoff produced "gains" for his clients for decades.
- cmer 16y ago1. Every person who made a lot of money on the web around here has been dealing with him for around 10 years and has been extremely satisfied 2. He works for a large bank 3. He has just a few large portfolio clients 4. I can see what I own at any time through the bank's web interface 5. He calls me whenever he wants to make a move 6. Average time between when I send him an email and my phone rings: 3 minutes 7. He's strategic. He always keeps some of my money in cash in the event of a significant pullback (which I still think will happen sooner or later; this recovery is not sustainable) Hope it helps!