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The biggest choice facing you is whether to entrust the management of those assets to a competent money manger (assuming you can find one), or to continue to trust yourself to muddle along quite nicely.

Yeah, from one point of view, you aren't deploying those assets to their maximum potential. OTOH --and far more importantly-- you are "anti-fragile" (in Taleb's term), and that's where I'd suggest your begin your journey. Get a hold of his most recent book (linked below) and work your way through it. Your takeaway will be a framework for dealing with 'risk' (which cannot be predicted, only managed).

In further words, deciding on your high-level strategy needs to come first. Later, much later, you can worry about the low-level tactical details, like, what to buy (or not) with some of that cash.

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