[Fastskiguy]

5 pages and counting. I'm a bit surprised nobody has suggested hookers and blow yet (Oops, can we say that here?)

Joe

[manaboutown]

Originally Posted by CoachKandSportsguy

Utility ETF, because of the uniqueness of the regulated utility market in this country. Based upon statutes, the utilities are guaranteed a return on assets. With the grid needing to be upgraded to nearly twice its size for the green movement, increased CAPEX means increased profits, and then increased dividends.

These are regulated monopolies, which have guaranteed returns, and a constantly growing demand.

Feel free to DM me for one on one discussion. . .

sportsguy

Thanks, Coach. Your suggestion makes sense to me - especially in view of today's market movement.

[manaboutown]

Originally Posted by Luggage

At this time in your friend's life, he should really be thinking on how to give it away to charity, his relatives, like grandchildren for college education. I hate to be the nudge here. Surely his local church could use some money always. And quite honestly I have a very small charity that I run for Sumter in Lake county's giving away money in the tens of dollars to help local people you can PM me if you really want to, I've given away a baby stroller, helped with furniture, and toys. As far as investments you can always go to Kickstarter and see thousands of ideas people have for new businesses and help them out. Nothing is safe in this world

He is quite generous. After all, he did set up the $3M charitable remainder trust. He donated what it took to establish a park to his community; he supports its symphony, his church and his alma maters, the University of New Mexico and Stanford. His postcard collection which is huge and concentrates on historic Route 66 will go to the Zimmerman Library at UNM upon his death. He has a surgeon daughter and an attorney son so no needs there or for his grandchildren.

[manaboutown]

Originally Posted by zendog3

A person our age with a million not being used will live the rest of their life in financial security. They might invest it, and die with two million in unneeded money. Or, they might give it away. If it were me, I would rather die with no money and a thousand children with college scholarships. I would think this would be the best thing I could do with what is left of my life to make my existence here meaningful.

Great suggestion, thank you! I will suggest he fund one or more engineering scholarships at his bachelor's degree alma mater!!!

[jimjamuser]

Originally Posted by retiredguy123

I have almost all of my assets with Vanguard Investments. 40 percent in the S&P Index Fund, 30 percent in intermediate and short term bond index funds and their high yield corporate bond index fund, and 30 percent in the money market fund. I hate that the money market fund pays almost zero interest, but at least the principal is safe. I also have a very generous Federal pension, which provides all of my living expenses, so my investments are probably too conservative. I would be interested in any ideas on where to move my money market fund assets to earn more than nothing, with a low risk of losing principal.

Free advice, since it was asked for.......buy either or both of these ETFs.....symbols BND and BNDX

[jimjamuser]

Originally Posted by manaboutown

Your last sentence reflects his conundrum - and mine. What can we do with our cash today in the current investment climate?

There is no easy answer.

There are ALWAYS market investment opportunities. But, it is NEVER "EASY"!

[JMintzer]

Originally Posted by Fastskiguy

5 pages and counting. I'm a bit surprised nobody has suggested hookers and blow yet (Oops, can we say that here?)

Joe

I was gonna' post that, but the overlords have me on a short leash...

[PhillySpecial]

If you have an "rather wealthy" friend who doesn't know what to do with a million dollars, my first suggestion is that (s)he spend some of that money hiring a money manager who manages investment portfolios for a living rather than ask a bunch of retired strangers their advice.

[Jeff Coats]

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?

The following is my opinion and not to be considered financial advise.

Given the current volatility in the markets due to current world-wide conditions, it makes the most sense right now to be in cash or cash equivalents. I do expect a 40 to 65% drop very soon in the equity and real estate markets, as well as a total bloodbath in the debt markets. By being in cash, you will be able to take advantage of the coming deflation and buy income producing assets at bargain basement prices. If your money is tied up in distressed investments you will miss out on the opportunity. If deflation is not on the horizon, that means that we are currently in the "crack up boom", and it really does not matter what you do if you do not have gold or silver.

[jimjamuser]

Originally Posted by DeeCee Dubya

ExxonMobil (XOM) paying .87 per quarter dividend. Strong growth potential in the share price too.

Energy demand going higher no matter what the Biden adm. spews about our cheapest, cleanest and most reliable source of BTU’s. They live in a fantasy world where Western Civilization can be powered on soybeans and baby farts.

Quick, tell me how to invest in "baby farts"?

[retiredguy123]

Originally Posted by jimjamuser

Free advice, since it was asked for.......buy either or both of these ETFs.....symbols BND and BNDX

Thanks for the advice. But, those ETFs are investments in bonds. I already have 30 percent of my portfolio invested in bonds. That is why I have 30 percent in cash. I don't want to increase my bond assets to more than what I already have. Too risky.

[DylanTodd]

Hi Everyone,

Looks like a pretty spirited chat today by a lot of savvy investors! I have seen some advocates about crypto currency speak up today in this group and I just wanted to let everyone know in case you missed it we recently started a crypto club here in the Villages and there are some exceptional people in that group with diverse investing backgrounds. If anyone wants to hop into one of our virtual or in person meetings reach out to me directly.

Cheers,

Dylan

[oneclickplus]

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?

Buy "put" options on the DOW or Nasdaq. Actually buy leaps that are a year or more out. Can't go wrong. This market will TANK.

[l2ridehd]

Use Vanguard, Schwab or Fidelity. Put 42% in total stock market, 18% in total international stock market, 28% in total bond market and 12% in total international bond market. Re-balance to those percentages every 6 months. Your return will average about 9% a year and your risk profile is very low. Much lower then the S&P or other suggested investments.

Your expenses will be extremely low. With Vanguard they will be less then 1/10th of 1% by using Admiral shares. It’s extremely important to re-balance to those exact percentages. Forces you to sell high and buy low.

[EastCoastDawg]

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. Anybody have any possibilities they would care to share?

I was disappointed to see how little thinking "outside the box" there was in the responses to this question.

Many people suggested using a professional financial advisor. Not only do I suspect he has thought of that already, and turned the idea down, but also time and again they have been shown to be the worst people to handle your money - taking generous bonuses when the markets are rising anyway, and still taking generous fees when their stock selections are falling.

Others insisted on jumping on the Bit Coin and derivatives bandwagon. Sure, a few have become very wealthy, but many others (including most of Venezuela) are setting themselves up for a fall.

Let's have some revolutionary ideas, people!