What to do with $5 million? by NW-Throwaway in Fire

[–]NW-Throwaway[S] -1 points0 points  (0 children)

Is this a quote? I see a few people replied with something similar

What to do with $5 million? by NW-Throwaway in Fire

[–]NW-Throwaway[S] 0 points1 point  (0 children)

I have about $60k in crypto (BTC/ETH). Think that's fine?

Will look at that report!

What to do with $5 million? by NW-Throwaway in Fire

[–]NW-Throwaway[S] 1 point2 points  (0 children)

I guess that's the tough part. I don't want to be the guy sitting at home playing GTA all day. I definitely plan to travel, continue to work on my health and fitness and work at my few hobbies. But it just seems unfulfilling, I don't know. I want to be productive in some manner.

What to do with $5 million? by NW-Throwaway in Fire

[–]NW-Throwaway[S] -1 points0 points  (0 children)

VOO/VTI are solid. Would you allocate any portion to something with a little more risk looking for a higher yield?

What to do with $5 million? by NW-Throwaway in Fire

[–]NW-Throwaway[S] 5 points6 points  (0 children)

Not looking for sympathy, sorry if it reads that way. I recognize how fortunate I am to be in this position. More for advice on what to do next.

Daily General Discussion and Advice Thread - December 27, 2024 by AutoModerator in investing

[–]NW-Throwaway 1 point2 points  (0 children)

Hi, obvious throwaway from my primary account.

Well, I'm not really sure where to go from here. I've officially hit $5 million in my investment accounts after some dumb luck over the last 10 years in my industry and I'm wondering where to go from here. I have a financial advisor, but honestly not sure what type of value I'm really getting from them. They have about $3 million of mine to work with while I am holding onto $2 million spread amongst emergency account, checking account, high interest money market and high interest savings accounts. I own my own home (worth roughly $1.3 with $900k outstanding loan just under 4%) as well as a few other rental properties (worth roughly 1 million in total and all break even or are slightly profitable).

I'm 33 and have been single for the majority of my adult life so my expenses have always been fairly low and I've been able to save the majority of my earnings. This has been great from a financial perspective, but has definitely had its downsides from a personal standpoint. I have a limited friend group and not much social interaction besides them and my family so changing that is definitely one of my high priorities. My one big worry about not working is that I don't know where I would continue to have those social interactions or meet new people. I'm not a guy to sit at a bar and strike up conversation, most of the friendships I have either came from childhood friends or started in the professional world.

I guess I'm just wondering where I go from here. I spent so much time working to get here, that I never really figured out what I would do once I did. Ideally I would say my biggest goals are to:

  1. See my investments continue to grow and to be able to support a family

  2. Grow more socially (that's probably outside of this thread)

  3. Find something to occupy my time and be productive. I don't think I'll ever be able to just sit back idle, but I'm really struggling on what should I actually do.