As we all know you will ignore the advice ... If you are going to continue to gamble, which you probably will because gambling is addictive, please do it only with the original 100k. If you can think you can be lucky again, then do it, but dont throw out your comfortable life by gambling the million. There is nothing to gain above that million. If you trust yourself, which you shouldn't, you can unvest 99.9% in an etf and simply dont touch it. In any other case, you should really protect between 500k and 800k in some investments that you can not touch for the next 5 to 10 years. Just to be safe. That leaves enough to gamble 100k and invest the rest in an etf which you could cash out if you would need it (car, expenses, maybe a vacation once, ..) I'm 28 with 50k from daddy. I have most of that in etfs and some to gamble. I also spread my income the same way between 1. expenses like rent and stuff, 2. Investing long term, 3. Investing short term and 4. Expenses for whatever i want to waste it on. Those are separated accounts and if nr. 4 is empty because im an idiot and spend it all in a club than thats ok. Number 1 keeps me alive, numer 2 keeps me wealthy enough and number 3 might make me more wealthy. Don't party away what's keeping you alive and wealthy. Separate it.

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Nr 1 on daily

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