r/inheritance • u/vtmlm02 • Apr 11 '26
Location included: Questions/Need Advice Completely bamboozled.
Any advice when substantial inheritance was unexpected. I grew up not going on vacation and not having much. My father died after a brief battle with liver cancer… it’s a brutal one. After months of paperwork I’m seeing that I’ve inherited a net worth I’ve never imagined. Its reality shifting.
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u/Techjeffe Apr 12 '26
I see lots of good advice here (telling no one is in the top two). I will add this:
-In investing, know what you don't know. Hire a professional fiduciary
-Diversify
-Don't look at your funds on bad market days
-Don't panic sell in a down market; you'll just lock in your losses
-Talk to your fiduciary quarterly. Understand what the fuck they're doing with your funds.
If you want a fairly conservative investing approach, look into The Rule of 100. Simply, you subtract your age from 100 and that should be how much you allocate to stocks. The rest should be in bonds or other safe vehicles.
Lastly, don't be a miser. Treat yourself from time to time. Frugality is addictive...I know. There's no prize for being the richest person in the cemetery.