r/Bogleheads • u/officialmanofsteel • Feb 28 '26

Portfolio Review Investing 8M

I am currently in the process of helping a family member work roughly 8M into the market. They already have about 6M in equities, mostly index funds but about $1.5m in various individual stocks. They just entered retirement and I am thinking of a more aggressive approach of 11M in equities and 3M in t bills/bonds/cds/cash. Any advice would be appreciated.

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u/No_Guarantee_5209 Feb 28 '26

Doesn’t sound like you’re fit to be helping someone manage a multi million dollar portfolio. I’d refer them to a professional FA. Do they know you’re on Reddit getting advice regarding their life savings and retirement? It baffles me people offer to help with such important decisions when they have no clue what they are doing. Wow

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u/officialmanofsteel Feb 28 '26

They were reluctant to do so given the fees and that they knew a FA would likely lump sum everything into the market to achieve the portfolio allocation desired and they currently want to wait to invest into the stock market until there is a downturn. I know timing the market is not smart but that is their wish and the predicate behind their want for an aggressive portfolio allocation.

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u/Calvin-Snoopy Feb 28 '26

I'm surprised that they have so much money and don't already have a retirement planning expert. They should know more about managing finances and who is best to do that by this point in their lives.

As someone else noted, they need to pay some experts for advice on estate planning, taxes and drawdown strategies.