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First, congratulations. Second, now you have the not so easy task of running family assets as your #1 job to provide security and freedom for your family. The
by hkmurakami 8y ago
First, congratulations.
Second, now you have the not so easy task of running family assets as your #1 job to provide security and freedom for your family.
The most important thing is to educate yourself. Hopefully you enjoy reading macro economic news and investment books. It’s not necessarily to DO anything. It’s often so you have the confidence to not do anything.
Regarding asset allocation, standard allocation to liquid assets will do. Plenty of literature on it.
Running family assets is not about maximizing EV. It’s about minimizing risk of ruin, and asset preservation over asset growth.
The emotional side of investing is often harder than the numbers side of it. Feeling like you’re being judged by others for your newfound wealth is hard too. A support group of peers with similar asset levels who are also searching for balance will be really helpful, though hard to find.
Happy to talk more via email.
Again, congraulations. We all need to get lucky. You deserve it.