1. Invest your money. Ownership is important. Owning a private business might be best, but the public market is less work. 2. Think about how much time you wan

1. Invest your money. Ownership is important. Owning a private business might be best, but the public market is less work. 2. Think about how much time you want to spend on anything more complicated than stocks and cash. Three-fund portfolio? Individual stocks? Which ones? Compare the opportunity cost of you spending that time compared to something else. 3. Read https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3805927 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3805927 from last year [1], and realize that a 25 year old book was based on bad data. It might be true that stocks outperform bonds right now, but that's not the whole history. It also seems to confirm that all correlations go towards 1 in crises. I'm at (3). Not sure what (4) is, but I'm sure (5) is "Profit!!!" [1] Credit to https://dumbwealth.com/2021/06/23/bonds-for-the-long-run/ https://dumbwealth.com/2021/06/23/bonds-for-the-long-run/ for introducing me to the paper.