Okay, it’s 10 years in the future and you’ve already made your first million (I’m so proud of you!)  And now, perhaps you are midway thru working on your 2nd million.

So the question is…. “Do you invest the same way you did with your first million?”  Or if you’d like to think of it this way, “how do you invest differently now that you have your first million under your belt”?

Hmmm, if not for the first million, but how about after you reach your second, or even when you become a decamillionaire?

I have a friend that didn’t change his strategy, so during the downturn, I estimate that he temporarily was down close to $1 million.  I say temporarily because he didn’t panic and pull his money out of the stock market, he let it ride (as I did, but my temporary loss was much smaller because I don’t have 5 million dollars).

Only after the stock market recovered did he talk about how nervous he was.

So, I was thinking, what would I do if I had that much money…

I think I would diversify my money into different asset classes.

• a small amount into precious metals (gold, etc)
• real estate as an investment (mostly local, but maybe global too… maybe a REIT)
• foreign currency (a small speculative amount in emerging countries)
• definitely US Treasuries bills
• solid company bonds
• investments in small established solid businesses, maybe franchises like McDonalds?
• Crypto?

What other ways would you invest into financial assets, once you have over 2 million in net worth?

MR