2023-07-31 03:30:00
Inherited a lot of money – and now what to do with it?
If you want to invest a large amount, you should diversify into different asset classes as well as internationally. Our money expert has a few suggestions.
Putting a million on just one ETF? Martin Player explains why that’s not a good idea.
Illustration: Christina Baeriswyl
I inherited 2 million Swiss francs and would like to invest it wisely. Part is with a robo advisor, part with asset management and a large part is liquid. I put the nest egg aside. Since my family situation means I spend more than I earn, I rely on investing in ETFs that pay out. I was recommended to invest around CHF 1 million in a single ETF, namely in the iShares Core SPI (CH), security number 23793565. I’m not convinced it’s a good idea to bet that much money on just one ETF that’s only in Switzerland. What do you think? Reader question from SB
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