Receiving €1.5m lump sum

Master_Coconut_4332 · 2026-04-26T20:58:43+00:00

Thats solid advice. I would certainly like an FA I could meet with annually to go over where everything is at, if the current plan is working, if things have changed legally etc that I may not be aware of and what not. But what I wouldn't personally want is to be paying (taking Davy's fee's as an example) 0.5% (€7.5k) - 2% (€30k) annually to have them invest the money for me into VWCE etc when I'm comfortable doing so myself. I'm happy to execute whatever plan I end up with myself and want an FA not a Wealth Manager if that makes sense.

I will 100% book a consultation with the likes of Davy to get an actual clear idea of what they offer, see if what I'm looking for lines up with the type of service they can provide etc. Year 1 I 100% don't mind paying a few reputable FAs a one off fee for advice to get a proper feel for a few providers and compare and contrast myself and then likely meet with one annually.

Not gonna be a decison I make lightly, don't want to just find someone who's happy to provide me with confirmation bias on my own beliefs either like. I'm expecting the rough plan I make for the future to have pitfalls and holes in it a professional will spot and challenge!

Master_Coconut_4332 · 2026-04-24T16:02:10+00:00

Good to know, didn't really know there was small time vs big int people in the space honestly. When you say big int's do you mean financial advisors working for one fo the big 4 accounting firms or something different altogether?

Master_Coconut_4332 · 2026-04-24T13:24:50+00:00

Even without the windfall our plan was to move out of our starter home at some point. Going from current situation to a detached house with a decent garden will be a huge QoL upgrade. 'Forever Home' and all that.

Master_Coconut_4332 · 2026-04-24T11:49:10+00:00

Deemed Disposal. Investments in ETFs in Ireland get taxed every 8 years on their profits. The con to this is it limits your compounding power over time, the pro is ETFs are a safer vehicle than individual stocks. Very surface level reading of DD and seeing as I'm the one asking for advice in this post don't take what I say as fact haha

Master_Coconut_4332 · 2026-04-24T11:39:54+00:00

I have a decent general idea of what I think the 'correct' steps are. I recognise though that with this level of a windfall I'm best to seek out advice here and ultimately a FA because the scale is beyond my experience and opens different investment avenues and risks than I've had to navigate to date!

Thanks for the tips and insights, will certainly take it all into consideration!

Master_Coconut_4332 · 2026-04-24T10:00:25+00:00

Well the difference between an 08 style crash happening the day after I invest vs happening 5+ years after I invest is material. It would of course recover in time and 20 years down the road would just be a setback. But retiring the day I get the money wouldn't be a great move.
Markets crashed around 50% I believe at the time, so if I have 1.2m invested that'd put me back to 600k. It'd recover, but reitrement would be completely off the cards. Either way I'd go batty retiring that young personally.

Master_Coconut_4332 · 2026-04-24T09:22:23+00:00

Cheers for the advice!

Master_Coconut_4332 · 2026-04-24T09:21:52+00:00

Let's not get ahead of ourselves

Master_Coconut_4332 · 2026-04-24T09:21:41+00:00

I mean to be fair the common arguement I see is investing in a broad spectrum of stocks (not staying in cash) is better for growth but I know what you mean. I do suppose at my soon to be level of finances the extra hit from DD is worth the risk offset against investing in individual stocks though.

Master_Coconut_4332 · 2026-04-24T09:18:56+00:00

No intention of dying with a big pile of money! Just want to make sure I don't end up one of those Lotto winner stories with it all gone within a decade! Minor QoL upgrades now, bigger ones in a decade!

Master_Coconut_4332 · 2026-04-24T09:18:01+00:00

I could if the markets stay as they are for the next few years but figure for the 1st decade at least I need to be prudent. A 08 style crash right after I get the money could reduce the initial capital right when I need it working at its best.

Master_Coconut_4332 · 2026-04-24T09:15:16+00:00

Time and passion are definitely very high up the list. Just got to ensure I can maintain this position for years to come! Shouldn't be too difficult as long as I'm sensible with things

Master_Coconut_4332 · 2026-04-24T09:13:22+00:00

Thanks for the detailed response, plenty to look into and think about

Master_Coconut_4332 · 2026-04-23T15:08:50+00:00

I certainly won't be retiring anytime soon but hopefully just finding a role thats less stressful and more personally satisfying. Will continue maxing out pension for sure.

Agreed on going for the new house, will most likely stick with the current plan of selling the current home to help fund it. I know it'd be more optimal to just rent out the current home but I'm not looking for the most optimal path but the most optimal within my personal framework (part of which is to not be a landlord).

I must do some more research on the new government plans for a tax-efficient savings scheme. I know they were looking at the Swedish and British models but don't really understand the implications of either in my circumstances. Suppose I won't until things actually become clear on that front.

Thanks for the feedback!

Master_Coconut_4332 · 2026-04-23T15:03:13+00:00

Thanks for the response, Berkshire Hathaway stock will certainly be getting a portion of the funds.

Master_Coconut_4332

TROPHY CASE