Investing a large chunk of cash
Hi everyone,
In anticipation of the war in Ukraine, which has now already started, my family sold a chunk of real estate in Eastern European countries (in fears of war progressing beyond Ukraine). As I am the only member of my family educated/working in finance (not in AM/PWM though), it fell upon me to now figure out what to do with this money. For the sake of context, the sum is in the range of EUR 0.5m - 1.0m.
Obviously, I am not seeking to YOLO my family's money away, and want to go for something pretty basic (i.e. some combination of broad stock indices, bonds and maybe some gold). Anyways it is not the allocation that I wanted to consult about but rather the avenue for investing.
In such a scenario, what are the best ways to invest? I see a few options:
a) opening a brokerage account and investing myself. Obviously would not feel very comfortable investing a large sum via an app like Robinhood/Etoro. From what is available in my country, Interactive Brokers seems to be the most reliable option.
b) Investing in some funds via my bank, but it seems rather pricey and inflexible (as you always need to get in touch with them to trade). Also not sure what would happen to my assets in case my country gets invaded next.
c) Opting for a wealth management shop. But not sure regarding the fees and if that is a large enough amount of money for any good shop to take me on as a client.
Anything else that would be a reasonable, cost-efficient option?
Thank you!
Depends on if this is money needed for retirement, or just another holding in a bigger portfolio of assets
if the latter - just throw it in some broad world index and S&P combo , and keep 20% cash for any big dips throughout the year. Then re-assess in 1-2 years
That’s what I would personally do, but up to you and your family situation.
Would you just open a brokerage account to do that?
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