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Without knowing more about you - age, health, goals, risk tolerance, other obligations, etc - it's all just random suggestions from the internet. My random sug

Without knowing more about you - age, health, goals, risk tolerance, other obligations, etc - it's all just random suggestions from the internet. My random suggestion here is diversify in to a few different equities areas. US, international, etc. I mostly have a few 'general market' funds, but a couple that are focused on tech companies, and they've outpaced the general market over the last several years. Keep some in cash - ally and others have around 1% return on cash. not great, but it's something. keep maybe $80k or so in there. put some in general 'broad market' index funds - total market or S&P or something - maybe $150k in that. find some international funds - put $80k in that. pick a precious metals fund - put $40k in that. Alternative, take some of that and put in to crypto if you've got an interest in that. This would leave you with around $150k. Consider some more real estate - perhaps just land and let it appreciate, or a small house you can use as a rental, or more industrial. Or just hold that in cash for a bit longer while you wait and see what happens. You already have $200k in industrial real estate. If you're comfortable with that, and you're getting a return that from area, increase your exposure there. Watch the investments - readjust portions to your comfort level - perhaps every 3-6 months - as things change. Keeping cash will give you some cushion if there's a downturn, either to weather a storm, or give you some ability to throw a bit more in to a specific market. There's no rule that says you have to put it all in one index fund right now. You're in a fortunate position, and can afford to take this slowly, and spend time learning more about these various instruments before blindly throwing in hundreds of thousands of dollars. Part of that learning can (and probably should) be meeting with a fee-only advisor who can review your situation in more detail and give you a more comprehensive set of recommendations more suited to those aspects we can't tell from your post (risk tolerance, life goals, etc).

projektfu 6y ago
If you do use a financial advisor, use one that charges hourly. The ones that charge a percentage win regardless of your outcome. I have been very unimpressed with their work when I have seen it in action. The flat fee ones are incentivized to give you less than what they would do in the same number of hours. Probably you can set up an initial allocation and learn about rebalancing, and you’ll only occasionally need advice in the future. Another good book to read is “A Random Walk Down Wall Street”.
- lowercased 6y ago
  "use one that charges hourly" - that's what I'd meant by "meeting with a fee-only advisor", but perhaps my term isn't the best phrase to keep in mind. yes, keep a fixed fee (hourly, whatever) - just don't tie a % of your portfolio as a fee for someone to 'manage' your money. Or... don't do it without careful consideration.
  - 135792468 6y ago
    Where do you find them? I’ve been looking in my area and there are a few I’ve spoken with that don’t seem to be in tune with 2020 or my personal philosophies.

projektfu 6y ago

If you do use a financial advisor, use one that charges hourly. The ones that charge a percentage win regardless of your outcome. I have been very unimpressed with their work when I have seen it in action. The flat fee ones are incentivized to give you less than what they would do in the same number of hours. Probably you can set up an initial allocation and learn about rebalancing, and you’ll only occasionally need advice in the future. Another good book to read is “A Random Walk Down Wall Street”.

lowercased 6y ago
"use one that charges hourly" - that's what I'd meant by "meeting with a fee-only advisor", but perhaps my term isn't the best phrase to keep in mind. yes, keep a fixed fee (hourly, whatever) - just don't tie a % of your portfolio as a fee for someone to 'manage' your money. Or... don't do it without careful consideration.
- 135792468 6y ago
  Where do you find them? I’ve been looking in my area and there are a few I’ve spoken with that don’t seem to be in tune with 2020 or my personal philosophies.