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Comment by unregistereddev | Hacker News Reader

If the goal is generally to invest, then be boring. Split it among several ETF's.

If the goal is to support a project which will improve the world, I'd support existing projects to either make clean water more accessible or help the world's poorest people become more self-sufficient (eg, Heifer International).

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Since this is anonymous ... you know what, I have a million dollars. I'm going to keep some invested for the future, but it's far past time to give more of it away. I'm going to follow my own advice.

Thank you for the hypothetical question. It reminds me that hoarding money isn't an end goal, but a means that enables other goals.

As someone who shares this opinion, its refreshing to see this shared online. Many onlinr opinions state that hoarding is an end goal. but I agree its far more rewarding to give back when you have more than enough

I'd be remiss if I didn't drop a suggestion to the nonprofit I volunteer at :)

https://ukandu.org/

It's an amazing group and mission. Some of the best people I've ever met in my life.

Could go one layer further and use the 1MM assets as a base/collateral to write options against and generate cash flow from the principal. Say 20% on 4 etfs you like, & 20% cash, then wheel it out (write ~20delta calls+puts ~45 days out). rinse lather repeat. Naive take, written crudely, but feedback nonetheless.

So short vol?

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