A lot of un answered ?s. No mention of persons age and his current portfolio. Appears he is wealthy and looking to invest 1Mil in cash. Does the wealty part include the cash or is cash over and above the Wealthy. Stocks were at highs 3 weeks ago and have been declining past 3 weeks(600 points on 9/20).
Personally I am invested in preferred stocks which pay out 5-6% a year. My broker tells me that this enables him to sleep well at night.
Need to check his risk taking before committing.
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