Suppose your son is a useless person. How can you create a permanent investment portfolio with 10 million in funds to ensure your child has food for life?
The portfolio should be simple, easy for beginners to manage, preferably unmanaged.
It should generate stable cash flow to cover basic living expenses.
The investment portfolio should be highly diversified to make it easier to sell in case of urgent need for cash.
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Suppose your son is a useless person. How can you create a permanent investment portfolio with 10 million in funds to ensure your child has food for life?
I think the important points are as follows: