[JustRita]

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?

He needs to find a financial manager that operates as a fiduciary.

[herremans]

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?

if you e-mail me back i will send you some links to pursue

[tvbound]

Originally Posted by JustRita

He needs to find a financial manager that operates as a fiduciary.

Best answer.

[Uphillputt330]

What’s important to do is to figure out when, if ever, the investor will need/want the money and, of course, their risk tolerance.

If he/she truly will never need the money and intends to pass it along to heirs, they should take the long term perspective of the heirs and invest in a more risky investment — stocks (diversified) and or real estate.

Short term investments with a less risk tolerance might include a Ginny Mae fund (which yields a bit better the treasuries or bank CDs)

[shirleyjerez]

Call Dale Cebert. Financial Adviser.
Excellent.

[Tbrazie]

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?

I am a very experienced private investor. Any answer is not useful without knowing much more. Ages any current pensions tax bracket etc I am outside the country presently but we could talk over coffee later this week. I do not sell anything. I am retired AF Colonel. This would just be a discussion so you would know the choices and risks. 6035910585 after Friday

[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.

[Gigi3000]

Originally Posted by Malsua

Tell him to spend 1% of it on Crypto. Stick to the top ten or so, BTC, ETH, ADA, XTZ, LTC, DOT, etc. Most should go into BTC and ETH though.

If it goes on a bull run and it should, it'll triple pretty quickly. Could go to zero, but chances are not good for that to happen.

Is there an index fund for that?

[Old Bob]

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?

Invest in several solid tax free municipal bonds. They bring in a nice regular income completely tax free.

[Jude55]

Originally Posted by OrangeBlossomBaby

If I had an "extra" million bucks, I'd probably just spend it. Or give it away, or donate to causes of personal interest. If it's "extra" it's because I already have enough that I don't have to worry about any upcoming expenses.

Might renovate the house, renovate my sister's house, do some travelling, buy a new car.

It would also depend on how old I am when I get this extra million. If it's now, at age 60, I'd sink a bit into some ordinary bank accounts so I can have cash in case of emergency. Pull the maximum out of the accounts every year to pad my IRA or whatever this thing is called that I invested in years ago every year until I'm old enough to be required to withdraw some.

If I'm already in my 80's, screw saving, screw investing. I'd spend it all on living as well as I can for the next 10 years. Maybe even get a face lift!

I love it

[Lwalgren]

Where & when is this class? We are coming down October 13.

[virtualcynthia]

Wildwood HS needs football uniforms and a new track. It might be a naming opportunity.

On the other side, my friend is investing in high income rental property in Lake Nona, Orlando. The medical campus there is a good customer and with Disney moving jobs from California this seems to be a good relocation area.

[Carla B]

It's at times like this that I miss Chatbrat. He'd have some ideas.

[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.

[JMintzer]

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.

"Unneeded Money"? According to whom?

Maybe they want to fund their OWN grandchildren's college education, or help them buy their first home...