Hello everyone! By being an early employee in a Startup I've obtained a big capital boost and traded tech stocks and crypto in 2021 and ended up with 5M in liquid cash (after tax). In my 30s now, married, no kids, no property.
I quit my job and never had a pension which I now see was a big mistake. Now I want to protect/grow my wealth without working for someone else but I can't create my own pension. We're gonna have a baby and I wanna be at home to look after it. My wife is in medicine and doesn't want to leave work.
I was thinking of setting aside 1M for a house, interior upgrade and car. Maybe leave 250k individual stock or crypto momentum trading a few times a month. But don't want to be seen as a trader by Revenue?
Not sure what to do with the rest (~3.75M) besides lumping it all into JAM/ETF.
I want a pension but don't wanna open a company and move my assets to be that of the company otherwise I don't have a way to generate income unless I become a landlord? Or do I even need a pension now since I went over 2M? Maybe I should just buy high yield dividend stocks instead for some annual income and leave the rest in an ETF?
All the advisors I go to simply try to sell me their hedge funds which under perform the SP500 and cost five times the TER of a major ETF...
Thank you for any reccomendations!
I quit my job and never had a pension which I now see was a big mistake. Now I want to protect/grow my wealth without working for someone else but I can't create my own pension. We're gonna have a baby and I wanna be at home to look after it. My wife is in medicine and doesn't want to leave work.
I was thinking of setting aside 1M for a house, interior upgrade and car. Maybe leave 250k individual stock or crypto momentum trading a few times a month. But don't want to be seen as a trader by Revenue?
Not sure what to do with the rest (~3.75M) besides lumping it all into JAM/ETF.
I want a pension but don't wanna open a company and move my assets to be that of the company otherwise I don't have a way to generate income unless I become a landlord? Or do I even need a pension now since I went over 2M? Maybe I should just buy high yield dividend stocks instead for some annual income and leave the rest in an ETF?
All the advisors I go to simply try to sell me their hedge funds which under perform the SP500 and cost five times the TER of a major ETF...
Thank you for any reccomendations!