37 with roughly $ 1.4M – Selling the house soon and stuck on "What’s next?"
I’m 37, part of a small family with a 6-year-old. We currently have about $1.4M in assets. Most of that is tied up in a house in Europe, which I’m planning to sell in the next few weeks due to the new unrealized gain tax laws coming to the Netherlands.
Work-wise, I'm in a comfortable spot: I like my job, the income is great, and there are no personal taxes here in the UAE. My plan was to stay in this role and country as long as I enjoyed the work. However, with the current war situation, I’m worried about (job) security or whether we can even stay here if things escalate.
I have two main questions for the community:
1. The Practical Question: How would you invest $1.15M? (I'm keeping $200k in real estate for our primary residence and $50k in cash as a buffer). With the current market, I don't want to catch a falling knife. Hence I’m leaning toward Dollar Cost Averaging into an index fund, and perhaps picking up some individual stocks earlier during the current SaaS sell-off. How would you invest it?
2. The Philosophical Question: What comes next? There is a real chance I could lose my job if the conflict continues. But then what? Should I look to start a new business, or switch to freelance/consulting just to cover monthly expenses? For those who have been through this, how did you handle that transition?