My First Million
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Systematically evaluate and optimize personal investment allocation through peer feedback
High-net-worth individuals seeking objective feedback on investment strategy
Quarterly or annual review cycleWhat Success Looks Like
Clear understanding of current allocation, identification of blind spots, actionable feedback from trusted peers, and refined investment strategy aligned with goals.
Steps to Execute
Document current allocation across all asset classes with percentages
Prepare rationale for each allocation decision
Present to trusted peer group or advisors
Invite direct criticism and challenging questions
Document feedback and identify pattern in critiques
Adjust strategy based on most compelling arguments
Checklist
Inputs Needed
- Complete financial account access and statements
- Clear investment goals and risk tolerance
- Trusted peer group willing to give honest feedback
- Time for thorough documentation and discussion
Outputs
- Comprehensive portfolio overview document
- List of identified weaknesses or blind spots
- Recommended allocation adjustments
- Action plan for portfolio improvements
Example
“Entrepreneur with $10M portfolio presents 79% index funds, 15% treasuries allocation to peer group, receives feedback about over-conservative approach, adjusts to include more growth-oriented investments while maintaining core stability.”
Related Knowledge
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.
Second Derivative Spending Rule
A cash management principle where you never spend business income directly, but only spend the investment returns generated from that business income.
Investment Thesis Litigation Framework
A systematic approach to evaluating competing investment or business theories by collecting multiple expert perspectives and weighing evidence like a legal case.
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Convert entrepreneurial success into sustainable long-term wealth
Financial independence where investment returns can fund lifestyle indefinitely without touching principal, plus continued income from new ventures.