Honestly, the first thing I would do is set aside $1 million and start a scholarship fund at each my local high schools. With another million I'd start some sort of charitable foundation. With the rest I would look first to hedge funds, and split about $4 million between them. That leaves $4 million that I would split between a few mutual fund companies and a modest brokerage account, in which I would vary between stock funds and bond funds depending on the economy.
Over the long term a diversified portfolio of stocks
bonds and cash is the sure fire way to go.
Recommended is 60% stocks, 30% bonds and
10% in cash.
I will definitely concern with one of the good investment officer of a reputed firm/company and will get know about the various investments funds and their NAV etc before to do it.
Portfolio investment
Theoretical question and I will use round numbers for ease…
With consideration to lifestyle and security, real or imagined, if you were in a position of having no debt and virtually no living expenses, so income is not of a high priority, but surely a consideration and lets say a lack of wanting to worry about markets, though some is ok…
If you had $10 million - how would you allocate the funds?
