Unfortunately, I did not win the 228 million in Euromillions. Probably nobody here in the forum did either.
But let’s imagine that one of us had cracked the jackpot.
I have a rather simple portfolio, whereby the risk-exposed part consists mostly of broad passive index funds, and the risk-free part sits in savings accounts, now that bonds have little to negative returns. I was wondering: If I had a three-digit million net worth, would I still follow the same approach?
Maybe I would invest less in shares, simply because I don’t need the returns, so why take the risks? Or maybe I would invest more in shares, because with so much money, I can just live off the dividends, come what comes? Or maybe I would not buy funds, because with so much money I could diversify with single stocks and avoid the TER? I would probably buy a couple houses for my own and my family’s private use, with zero mortgage.
What do you think? How would investment strategies change with large amounts of money?