The evidence is against you. Rich people don't just wack money in the holy index fund of stable returns. Investing in properties is more complicated than buying

The evidence is against you. Rich people don't just wack money in the holy index fund of stable returns. Investing in properties is more complicated than buying, waiting, and flipping. With 2 million dollars cash you could probably buy 7 or 8 apartments (leverage is pretty useful), you would rent these out and hope they appreciate, or depreciate by less than the income from rent. It's a very reasonable investment, it just takes capital to begin with, the risk is lower than you think because as I mentioned, you can rent the property which hedges against depreciation. And even in the case of depreciation it can be favourable for tax purposes, you make money through renting and you reduce your taxable income through selling for a loss, it's still a net positive investment. The index fund is the greatest thing to ever happen to casual investors, but with millions of dollars at your disposal you should no longer consider yourself part of that group. They're also not infallible, in the long run they're up but in the short run you can lose a lot of money in them, just like any investment.