are you honestly asking random people online how to manage your money?

> I have been doing full time gambling since graduation
> for two years and retired to start my career. I have
> lots of cash that's just earning interest; so I spoke
> to a financial planner briefly about investing. I was
> particular keen on index fund diversified across all
> asset classes for a 2-3 year period time.

> Anyway the financial planner was very concern about
> the 2-3 years investing period, which is far too short
> in his option. He says that there is a significant
> chance that I will end up losing money after 3 years;
> to which I replied ??I am ok with losing money after a
> 3 year period.??

> That's when he implied that I don??t have the right
> mind of framework in investing; that an average
> investor would not accept such a proposition; that an
> average investor would want to make money within their
> investing horizon; that an average investor would
> reduce their exposure to risk OR increase the
> investing period to ensure a (good chance of) positive
> return at the end of investment period.

> From my point of view, I will invest a proportion of
> my money in the index fund even if just for 12 months
> (disregarding tax and transaction cost). So what if my
> net worth is down 20% in 12 months time? I had a
> positive expectation at start, that's what count,
> right? (Note: I am not stock picking, I am just hoping
> for the 20 year average market rate.)

> If each 12 months period is viewed as a casino game,
> it has an expected 6% premium return over bank
> interest and a standard deviation of 15%. So even in
> the worst case you will lose 24% (30-6) for a chance
> to gain 6%.

> Isn??t that a 6% / 24% = 25% edge game, which would
> call for a 25% of bankroll bet? Further more, the two
> standard deviations is an extreme case, may be I can
> bet 1 or 2 time more than the 25%.

> How do you guys deal with your excess cash that you
> don't need for a few years?