Does he have other assets? Does he need this money to survive? What are his risk/rewards attitudes? If he doesn't need the money, why not just leave it alone? Of course he's earning zero.nothing but he not paying much in taxes either.
Quote:
Originally Posted by manaboutown
Believe it or not I am asking for a rather wealthy friend who happens to have $1M cash lying around earning him next to nothing and has no ideas on how to invest it. He and I have known each other since junior high and we brainstorm on various matters from time to time. I told him I had no idea and was sitting on a lot of cash myself (not anything like $1M).
Anyway I thought it might generate some creative thinking as I am out of ideas. Stocks and real estate seem at present extremely overvalued to me. Anybody have any possibilities they would care to share?
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