Talk of The Villages Florida - View Single Post - Million Dollar Question (asking for a friend)
Thread: Million Dollar Question (asking for a friend)
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Old 09-20-2021, 11:01 AM
jimjamuser jimjamuser is offline
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Originally Posted by manaboutown View Post
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?
Not a good time to jump feet 1st into the Market. It is too high and due for a correction downward! Buy an ETF for bonds with 50% and leave the rest in cash or some money market. Re-evaluate that on Jan 15, 2022. Meanwhile, go to the Village investment club if that is STILL in existence. Do NOT pass GO, do NOT collect $200 or whatever that IS NOW with inflation ( and LEARN the definition of constant dollars). Time WAS your investment friend when you (we) were young - not SO MUCH now.