re: Is $1 million a lot of money in 2019?

quote:

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Ought to never come into the conversation if you educate yourself and your kids properly.

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That's an odd take.

E.g., we are highly educated and successful managing finances. We keep about 1/2 of ours under roof, and divvy the rest out to managers. Each manager has differing expertise, resource access, and each comes at challenges slightly differently. Exposure to differing opinions provides good food for thought.

Aside from "educating yourself", the other DIY element is time and timing. Presuming one works in a field which prohibits continuous monitoring of personal portfolio(s), ability to take advantage of market moves, and stay atop contingency research is limited, even for the most educated investor.