Startup exit → €1.3M cash: How would you structure a long-term, income-oriented ETF portfolio?

Hi everyone, I’ve been reading along here for quite some time and would really appreciate your perspectives. **Quick background:** I recently sold my shares in a startup and now hold around **€1.3M in cash**. The capital sits entirely within a **financial holding company (GmbH)**. I have **limited hands-on investment experience** so far and want to structure this capital in a sensible, long-term way. I’m not aiming for maximum returns at any cost, but rather a **robust, low-stress approach**. **My framework / goals:** * long-term investment horizon * minimal operational effort * goal: **annual profit distributions** from the company * ideally, **ongoing returns exceed the annual distributions**, so the portfolio can grow over time rather than slowly deplete * over time, I’d like to **partly live off these distributions** **Questions I’m currently thinking about:** * Does it make sense in this setup to **prioritize distributing ETFs** (psychological benefit + regular cash flow)? * Or would it be more efficient to focus mainly on **accumulating ETFs** and generate payouts selectively via sales? * Given the portfolio size: * better to stay **focused with 2–3 broad ETFs** (e.g. All-World / bonds / possibly dividend-focused)? * or diversify more broadly across **8–10 ETFs** (regions, factors, dividends, bonds, etc.)? * Are there any **common mistakes** you often see in “cash-after-exit” situations like this? I’m aware this is highly individual – I’m mainly interested in **experience-based insights, mental models, and proven portfolio structures**. Thanks in advance for your input!