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

Joe

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

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.

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

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

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

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

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.

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.

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

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.

crypto currency
 

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

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.

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.

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!