Long-Term Investing Advice: Am I being unreasonable?
Hi all,
Created a separate throwaway account for obvious reasons.
A little background: I am 22 and will begin working FT for a management consulting firm after I graduate from undergrad later this spring.
I know this may not get a lot of sympathy, but my family is fairly affluent (i.e. ~$50M in assets, father is managing partner at small PE firm, etc). I've lived a very privileged life, and my core drive has been to be successful enough to maintain that lifestyle for myself and my (future) family. Most of my friends have no idea about my family's wealth, and I have never discussed it with anyone that this is something I want, so my pursuit of this has been very isolating that I have had to deal with by myself.
As a result, I want to get a little advice from some of you all. Fortunately, I already have been given close to $1M in stocks. But long-term, I want to be able to grow that pretty substantially, and my ultimate goal is to have $100M. I know if I let that sit and compound, it will grow over time. But are there any other things I can/should do to help reach my long-term goal?
Some things swirling around my head include: modifying asset allocation (towards higher return areas, like PE), where I want to work (move up the consulting ladder, eventually move to a tech firm, do an MBA--> finance, etc), trying to save a lot of money from my FT job, or even if I would be better off trying to lower my standards and be more content.
I know this may not seem like the end of the world, but I can't stop thinking about it and want to use my relative youth to my advantage. It has really been big a burden on my psychological state to try to live up to these expectations that I have placed on myself, so any advice / recommendations would be greatly appreciated.