this post was submitted on 19 Aug 2023
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Asklemmy
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You pay somebody to deal with it.
Mixture of types depending on your goals. CDs, Bonds, Stocks, etc.
You can just open more accounts also. Having it all in cash probably isnβt the smartest idea.
When you win/exploit/inherit/etc enough capital to live well for multiple lifetimes, it always perpexes me when people fixate on making more.
You won, go enjoy hobbies you can easily fund now, it's just hoarding at this point. Capital is a means, and it's kind of pathetic when people warp it into their end goal when it's no longer the key limiter to their lifestyle.
It's no different than hoarding newspapers, but at least many of those hoarders often demosntrate the self-awareness and recognition of embarrassment.
I completely disagree with you.
If you gain sufficient amount of money (we are talking 100M $ here, but it works even for 1M), you have SO MUCH MONEY that it can generate money by itself within a reasonable timeframe AND you can live really really well with it, enjoy your hobbies and free time, all at the same time. And if you don't know how to do it, let a professional help you, because you can pay for them, too.