[USER]

I’m about to hit my $2 million target and am looking to diversify into other assets. Since I’m moving away from crypto, please don’t suggest buying Bitcoin.

Where would you recommend, I move my funds, and why?

I’m looking to FIRE in the coming years, ideally, I would like something that produces cashflow in which I can set a budget to live off.

Maybe half cashflow and half growth I’m not that sure actually.

[Chris]

I am 36, family, and have more than $2M and like to dabble in numerous alternative investments. In my experience, the best (most liquid, easiest, least scams) is honestly the tried and true VOO or total index for the long run.

Place enough in the total market to create a glide slope to your wealth number in old age. IE, maybe $10M in 30 years.

So that is basically $750k invested today in a set and forget. Anything above your glide slope allocation can be played around with for higher risk.

Always remember that the stock market is the only reasonable asset where YOU have the most self interested and wealthiest people working for you. Apple, NVDA, BOA, etc want to make money and spend a lot.

They have lobbyists, tax incentives, global reach, and a network you could only dream of.

No reason trying to beat them when you can join them and expect them to operate in their own self interest.

Next is energy and life efficiency improvements. These offer tax incentives and improve cash flow, but not all are effective.

Big ones are see if your state has any renewable energy credits or improvement credits on top of the federal incentives.

This is a whole other topic.
Tax efficiency matters a decent amount, so allocate any pre tax or Roth as appropriate.

Learn the accounts, like HSA, Roth, ABLE, 529, etc and see how they can benefit you.

Other things I have invested in include Music Royalties, Mineral Royalties, small business loans, real estate, pensions, bankrolling online sellers, collectibles, precious metals, maps, scrapping, online competitions, credit card churning, bank account churning, 0% loan/cash advance leveraging via safe products like savings accounts, private equity, and a good chunk of others.

The one thing I don’t recommend is the life insurance or listening to anyone selling you life insurance. These are regretful ‘investments’ for literally almost everyone who gets suckered into them.

They are costly with most of that cost going to the person who “correctly structures” them to build wealth.

I will say they -might- be worth looking into if you need frequent (like multiple times a year for 20+ years) small loans for inventory or home flips and the insurance costs are cheaper than hard money loans or similar products.

Also, a potential to look into if you own a partnership and have an agreement to buy out your position to the other partners in case any of you die.

Other than that, the standard investments will outperform the insurance growth with none of the costly drawbacks.

As for tax efficiency, there are ways to make capital gains and their taxes less painful. So subpar growth and overwhelming regret sold to you on the promise of riches.

[Scott]

Any equity produces cash flow. Some have dividends some don’t. You set stop orders to capture your gains. You sell shares when you need the money. Rentals also produce cash flow.

Bonds and laddering cd’s also produce cashflow.

People get too hung up on cashflow and leave money on the table by investing too conservatively or buying crappy products life whole life insurance.

[Angie]

Do you own your own home? Is it paid off? Do you have solar panels? You could invest a little in reducing your expenses in retirement, too.

I’m a fan of real estate rentals for cash flow. It is a little work and it takes time to get to the cash flow state.

For me, it took 15 years before I could start pulling money out for other things.

In the beginning, you save the money to fix and update. It depends how old you are and when you want to retire.

[Kitty]

For income dividends such as schd or reit such as irm. For growth : nvidia, plantir, nuclear energy, vgt,smh, schg, and crypto. Good luck.

[Dennis]

I’d sell options and have dividend stocks as well. You can retire by next friday, not like if you find the great real estate deal in months.

There is no other asset that can generate such returns with as minimal effort and headaches.

You can manage it from your phone at anywhere anytime.

[Aaron]

I but rent property and index funds. Doesn’t sound like you are looking for either of those

[Cassidy]

Annuity with a rider for guaranteed income later on.
Or a maxed out IUL for the cash value living benefit.

It will continue to grow and you can “loan” yourself income.

Of course there’s real estate. But everyone knows that one.

[Bryon]

I do many index funds such as VOO, QQQ and IWM which replicate S&P 500, NASDAQ and the Russell 2000. Very low fees and have performed well in respect to the market.

With regards to income producing, I look at funds such as OLP, ARCC, HTGC and WBIY that spin off good dividends and appear to have a solid past performance record.

[Brian]

What I’d do is buy high yield etfs. Specifically ticker Xdte, Qdte, Rdte, Ymax, and Ulty. You’d earn enough to live on every month depending on how much you put in.

[Michael]

What you think about all of my money in JEPI, would that be diversified enough

[Lobster]

I would echo annuity with a guaranteed income rider or IUL with living benefits and ability to withdraw from cash accumulation

[Author]

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