Using all the knowledge from the various topics and taking into account the various risks and opportunities, what would you do if you have $1 million to invest/spend? Carefully explain your reasoning.
The best way to invest such large amount is to invest in mutual funds which are diversified into debt, equity, real estate, commodities and International equity for 30 years.
This helps in risk mitigation and provides and opportunity of compounding effects thus generating massive wealth.
Another great area for investment is into startups which have unique idea, sound management, strong leadership pipeline, innovative practice, competitive advantage. This will give the investor a stake in the company which can be liquidated when valuation is higher.
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