Hi all,
My parents just gifted me the money from selling their second home as they said they want me to enjoy this gift while I'm still young as there's no point in delaying it. Details of the amount and my financial situation as following, question is, what would you do in my case?
I'm using USD here for simplicity though my currency is in CHF.
1) Age: 36yo from southern europe and living in Switzerland (no capital gain taxes here)
2) Money received as gift and net of all taxes: 250k USD
3) Current investments: 1.9m usd in vested as 85%VT 15%BTC (etf) – i tried to keep ot simple + adding an asset that hopefully boost the portfolio
4) Retirmenet account: 250k usd (managed by the company I work for and with guaranteed returns by law of 1% in CHF though past 10 years they averaged 4% ish in CHF).
5) saving potential: 3-4k a month which i rei vest each time. Current spending year: 70k USD
6) 1 month cash: Never needed more than that as my job gives me monthly income + if something had to happen to it I wpuld get 4 months notice + I would have 18 months of unemployment at 70% of my salary.
7) Goal: quit my corporate job and move to southern europe at one point (ideally a couple years max) to dedicate myself to other activities that make me more fulfilled even if the money is lower or not present in the beginning.
How wpuld you invest this extra cash? Just in my current allocations? Diversify in maybe real.estate in my target location through a donwpayment (though prices are absurd there so it would be more like a 30% downpayment) though i never invested in it and lots of ppl that have tell me dont do it due to the crazy prices as rent is way cheaper.
Any advice is welcome!
What would you do with money gifted from family?
byu/Helpful-Staff9562 ininvesting
Posted by Helpful-Staff9562
2 Comments
250k is enough to out into VOO and forget about it. QQQ if you want more tech exposure.
With that much money you don’t have to complicate things, in ten years you’ll be on your way to being a millionaire.
With those numbers I would quit the job and move to Southern Europe and pursue those other things.