Let’s say you’ve come into a large sum of money—perhaps $1 million or more from stock grants, a bonus, or the sale of a home. Congratulations! After accounting for taxes, the real challenge is deciding how to invest it. Given the significant amount, the last thing you want to do is lose a portion of it due to poor planning.

After 30 years of investing, I’ve learned that no matter how wealthy you become, investing a large sum of money can still feel daunting. Even if that $1 million represents just 10% or less of your total net worth, reinvesting it presents several challenges. First, you don’t want to feel foolish if your investments underperform. Second, you may second-guess your decisions. Third, you might even start questioning the true purpose of having so much money in the first place.

Ironically, there are moments when not having the responsibility of investing

Keep reading this article on Financial Samurai.