Hacker News Reader

Comment by DrScump | Hacker News Reader

  I have saved ~2 million in the bank

If that's in U.S. dollars, you can do whatever you want, within very broad limits.

For perspective, you can overspend by $50,000 a year for 40 years and still have all the compounded interest left.

Your angst seems unwarranted.

View on HN

I just feel absolutely horrible that I'm not doing anything. It's like I'm watching all the opportunity pass by. I know I should have been part of the early tech scene. Instead I was stuck in hell with a mega neurotic family who still tries to control me to this day. It doesn't affect me as much now, because I learned about their disorders and why they are that way, and I learned about my own disorders, mostly inherited from their psychotic ways. But now I have nothing other than money being managed by some CFA whom has done a relatively decent job, but is badly outdated (I have to do all of the performance tracking on my own). So if the market has a bad crash, things aren't going to go so well for me. I have thought about just taking over the account and making my own investments, or just putting it into a bank until I figure out what I'm going to do. It stresses me to no end.

"Being managed by some CFA"? Dude wtf?

Just go into an index fund and pay 0.05% management fees... how much are you paying in fees right now? 2%? That's like 1/3 of whatever you earn from the market on average (if inflation is 2%, and the SP500 pays 8% a year on avg, then just by dumping the CFA and going to an index you get 50% more per year in real terms)

1%, but he's outperformed the usual indexes, vanguard, S&P etc by a considerable amount, so it has worked thus far.

Reply on news.ycombinator.com