[manaboutown]

Most of my life I have kept almost all my financial eggs in one basket (commercial real estate) and watched and tended to it very carefully. But now that 80 is in my rear view mirror I consider it wise to diversify my financial assets. This year I sold a property and expect to close on the sale of another in early 2023. What I did is put about 30% of my gain into conservative solid dividend paying stocks and ETF's which naturally have lost some value in the current market. 70% of the gain I placed in 6 month T bills which will all mature in early 2023 before I need half of it to pay the IRS tax on a huge capital gain. If the early 2023 sale goes through as expected I will place all the after tax proceeds into 6 month T bills. Why? I expect interest rates to go up, how much I do not know, the stock market to likely sink a little more with some upside riffles along the way. I see the world as very unstable now, Russia's invasion of Ukraine, the actions of the CCP, various factors at work affecting our energy supply and much more. At such times cash is king. I plan to retain for now my remaining real estate properties as they provide a nice income stream as well as the likelihood of appreciation over the long term.