My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Wealth Management A/B Test Framework
Split significant capital between professional wealth management and self-directed investing to empirically compare performance over 5+ years
How It Works
Reduces emotional bias and marketing influence by creating controlled comparison with actual money at stake rather than theoretical analysis
Components
Split capital into equal or proportional amounts
Give one portion to reputable wealth manager
Self-direct other portion using simple indexing
Track performance net of all fees over 5+ years
Compare risk-adjusted returns and tax efficiency
Make allocation decisions based on empirical results
When to Use
When you have substantial capital ($10M+) from liquidity event and lack investment experience but want to validate advisor value
When Not to Use
With smaller amounts where fees would disproportionately impact results, or when you already have strong investment convictions
Anti-Patterns to Avoid
Example
“After selling company for $100M, allocate $20M to Goldman Sachs and $20M to Vanguard index funds. After 5 years, Goldman returned 6% annually vs 13% for S&P, confirming indexing superiority.”
Related Knowledge
Build $30M+ tax-free retirement account through legal Roth IRA contribution loopholes
Accumulate $30M+ in tax-free Roth IRA by retirement age, paying zero taxes on withdrawals
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Crisis Contrarian Investment Framework
Investment approach that involves buying assets when everyone else is selling during market crashes or crisis periods
Audience-Accelerated Business Acquisition
Investment strategy where you buy existing profitable businesses and use your audience/influence to dramatically accelerate their growth rather than starting from scratch.
Wealth Preservation Framework
A conservative investment approach focused on maintaining purchasing power and reducing stress rather than maximizing returns, typically used after achieving a significant financial milestone.
Tax Alpha Over Investment Alpha Framework
Focus optimization efforts on tax reduction strategies rather than trying to beat market returns through security select