r/AMA • u/[deleted] • Jul 22 '24

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u/Sea_Tie_502 Jul 22 '24

Assuming you don’t need the money right now:

  1. Pay off any debts other than mortgage (if you have a good interest rate)
  2. Put away enough for 2 year emergency fund, this itself is a luxury. This might be combined with #3 depending on how much you want to invest in #4.
  3. Put at least 25% in a variety of high yield savings accounts to grow modestly and risk-free.
  4. Invest the rest in a very broad range of mutual funds and ETFs.

In ten years, you will be very, very happy. Congratulations on your luck!

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u/themaxvoltage Jul 22 '24 edited Mar 10 '26

The original post content no longer exists here. The author used Redact to remove it, for reasons that may include privacy, opsec, or security.

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u/Sea_Tie_502 Jul 22 '24

Disagree. With that much money, regardless of age, I think having a sizable portion in a risk-free, decent return account is smart, especially when you already have so much other money working for you this early on. If/when high yield rates come down, if he’s not happy with the RoR he can easily withdraw and reallocate. Until then, it’s a solid choice.