Interesting post just published by Paul Buchheit, best known for creating Gmail as Google employee no. 23, and cofounding the social network aggregator FriendFeed, acquired by Facebook last summer under undisclosed terms.
Titled “What To Do With Your Millions,” it’s Buchheit’s response to the post of someone newly rich on Hacker News who is, in Buchheit’s view, receiving crummy advice (this comment notwithstanding).
Buchheit’s first bit of advice, do not hire a financial advisor, no matter how many times friends recommend you to exactly that. “What those people don’t understand is that the only skill a financial advisor needs in order to be successful is the ability to sell you things,” writes Buchheit. “Their actual financial skills are almost irrelevant.”