I’d probably put around 30M into an everything hedged as much as possible bond ladder to secure an annual inflation adjusted income of 240k per year to cover all my expenses and then some (ok, I forgot about wealth taxes which are relevant with this level of wealth - unless special deals are still available)
The remaining 70M I’d put into a periodically re-balanced diversified portfolio of:
Stocks
Bond
Gold
Commodities
REITs
I’d probably have to spend money on house in a lower tax canton unless I’d want to pay close to 1M in wealth taxes per year.
What would you do? YOLO it all on 0DTC options or some fartcoin?
EDIT: I was thinking more on the investing side of it, but of course, thinking about how to spend it is probably more fun
Renovate my family’s properties to the best standard of the day
Buy a house with an ample garden and attached field, somewhere within 150km from Athens - many choices and lowish prices
Build a BIG garage for my soon to be acquired cars and motorcycles
Acquire said cars and motorcycles (think 1990s Aston Vantage V8 600, Triumph Rocket 3 - big throaty torquey stuff, not manic schizophrenic sport bikes/cars)
Build a man shed/woodwork/blacksmithing workshop
Get an original and new Hammond B3 and Leslie 122
10M on UCITS JEPx (tax-free)
Put all that’s left in VWRL (also tax-free)
upon my timely demise have some sort of trust structure which would give 60% to my wife and kids and the rest to some medical/education-related charity; edit: caveat that the trust will require them to also donate a decent amount
A nice house would be my priority. Let’s say I splurge and it would cost 10M. That’s still 90M left I wouldn’t know what to do with. So I’d invest a large chunk and donate earnings regularly.
At that level i’d hire a company like PWL and let them manage everything. Try to make a deal for a lower aum fee. Something like 0.5% for full management of the portfolio is probably doable.
There is no point in self management at this stage imo. Any diversified stock/bond portfolio will keep you swimming in cash for the rest of your life and that of your children.
a hotel on the beach,
all in the Puglia region of Italy, where my favorite wine is cultivated and where I’d spend some of my time. After having spent about 15 millions on it, I’d set up a company and hire great staff to run it. It should become self-supporting within 3 years.
I would also purchase a home and some rental apartments in Switzerland (10 m) and figure out how to structure a holding company in a tax-optimized way. Again, the apartments would have to create enough income to pay for my own home.
20 millions will be allocated to Private Equity where a portfolio of 20 companies gets 1 m investment each after thorough analysis by myself and some professionals. Ideally, this will create a self-supporting income and will grow the pot from which future conpanies will be funded.
With the remaining 55 m I’d buy a diversified portfolio and pay the remaining bills.
Now, the interesting follow-up question would be: if you only have a fraction of 100m, which part of your dream would you chose to realize?
Well, then I would still lobby, with the significant disadvantage of only being able to dedicate time to it instead of taking my target lawmakers on lavish trips and funding organizations and campaigns.
More transparency in the 2nd pillar and actual checks on the life insurers who whine that paying out 1.25% interests after the years of returns we have had is outrageously difficult for them and puts them in peril.
More transparency in 3rd pillar insurance products.
More and better access to financial education.
Use of the SNB more as a sovereign fund rather than wanting to both practice austerity and go into negative interest rates while trying to peg the CHF to EUR and USD without matching their deficits (it’s then a matter of using the money efficiently but I don’t see how trying to cut spending, raise more taxes and keep the CHF somewhat pegged to highly deficit running monetary areas is meant to actually work).
Having Switzerland become a center of excellency in cyber defence, in particular through the military, the banking system and a skilled federal force meant to help the cantons and municipalities to handle their nowadays in many cases very, very crappy IT hygiene practices.
Making it easier for people who are willing to be more crafty and benefit from less infrastructure to live in remote areas.
And I’d probably troll Elon Musk a bit just because it’s fun and, living in Switzerland, I feel pretty safe against retaliation from his part even though I’d be a very, very small fish compared to him.
100M would probably be very small for that but hey, we have to start somewhere, right?
I’ll join you in the first 3 points. That would be a good start and would require only time and bringing together existing actors in the respective areas.
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