Figure out Time perspective
What’s important to do is to figure out when, if ever, the investor will need/want the money and, of course, their risk tolerance.
If he/she truly will never need the money and intends to pass it along to heirs, they should take the long term perspective of the heirs and invest in a more risky investment — stocks (diversified) and or real estate.
Short term investments with a less risk tolerance might include a Ginny Mae fund (which yields a bit better the treasuries or bank CDs)
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