You need an Investor Policy Statement if you are serious about your investing. In this article, I will lay out exactly what an IPS is, why you need one, and how mine looks like.
Last week I read a fantastic blog post published by Mr. RIP from Italy, titled what would you do with 1 million euros.
Apparently this post began last month in the UK FIRE community, where people would run a thought experiment with the following question:
What would you if you got given £1 Million?
Since I’m in continental Europe, I will take up the challenge in euros instead of pounds. In the end, I don’t think it makes a difference anyway.
The article by Mr. RIP was very well written. My mind isn’t that clear yet on this topic, that’s why decided to participate in the experiment, and post in this new category Thoughts on Tuesday. Writing helps me to structure thoughts, so please find below my answer to the question “What would you do if you got given €1 million?”