If you won the lottery or came into a considerable anmount of

>>1818825
Depends how much you win.

>>1818883
$15million

>>1818825
I play around with a small percentage (about 3%), but I let a firm handle the bulk of it.
It's not like I think they're that great, as they tend to play it somewhat conservative, but I need that as a counterweight to the more risky strategies I pursue.

>>1818825
Unless you do some research and find an advisor who you personally think has above-average vision, indexed funds will outperform them for no management fees.

>Wealth management firm

You mean people who fleece rich people for a living? Fuck no. I'd go have it put into Trusts by lawyers specializing in that sort of thing, the partners not the junior assholes. Then I'd stick the majority of it in various indexes, real estate portfolios, and a few other positions that I was playing around with.

I'd do it myself unless we're talking about nine figures.

>>1818825
I'm going to do it myself, but I might become a CFP so I don't count, but if you want somebody to hold your hand, seek out DFA funds, and an advisor with access to them. That, imo, is the only thing an advisor could have access to that's worth it, and his having access to DFA, means they already shittested him so he knows he can't beat the market either.

There's no reason you can't handle the investment. Even someone who knows nothing could get a idea of what to do with an afternoon of research (this is where most lottery winners go wrong).

I think what would be tougher is minimizing your taxes, and handling them in general.