I'm new to this forum (and to investing in general) so pardon me in advance for any rookie questions or mistakes!
So, some context first: I recently sold about half of my shares for over $6M. I'm still working for this company and my salary is big enough so that I don't need to spend any of this capital. I'm planning on investing approximately $1M but since I don't have any experience in this (and because having this kind of money is very new to me), I could definitely use your advices
- Some friends recommended me Merrill Lynch. I had a meeting with them but my gut feeling is that it's not the kind of relationship I want. I don't need nor want complicated solutions, and I'm generally worried about high fees hidden behind opaque terms and structures. Am I foolish for dismissing them for no rational reason and going for a simpler strategy such as investing in Vanguard's mutual funds?
- I was initially considering the LifeStrategy Moderate Growth Fund but it seems like many people here tend to recommend building a three-fund portfolio instead. I'm looking for something simple to use with low maintenance though so, is it worth the hassle of avoiding LifeStrategy just to get Admiral Shares?
- I realize it's usually a bad idea to try to time the market but, given the fact that it's a significant first investment and that the markets are historically high right now, would it be wise to wait a few months to get started?
- I should probably check that with Vanguard directly but, does anyone happen to know what'd happen if I ever leave the US to live in another country? Can I keep my investments active?