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Elderly woman retired. Wants to invest $500K. Advice needed

Posted on 5/5/21 at 5:58 pm
Posted by tigersint
Lafayette
Member since Nov 2012
3568 posts
Posted on 5/5/21 at 5:58 pm
Any advice on a financial advisor in the Lafayette area that we can speak to to help manage her money. This is additional cash than her other investments but she wants to be non aggressive with it.
Posted by tduecen
Member since Nov 2006
161245 posts
Posted on 5/5/21 at 6:02 pm to
Bitcoin
Posted by 21JumpStreet
Member since Jul 2012
14819 posts
Posted on 5/5/21 at 6:06 pm to
USDC
Posted by keakar
Member since Jan 2017
30152 posts
Posted on 5/5/21 at 6:06 pm to
buy gold ingots and burry it in the back yard

seriously we are headed for the worst depression seen in the last 50 years and senile creepy joe will put all but the biggest corporate giants out of business

no investment is safe from inflation and the looming recession other then gold ingots

Posted by meansonny
ATL
Member since Sep 2012
26028 posts
Posted on 5/5/21 at 6:12 pm to
Vegas

Tell her not to come home until it is $2M.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
88331 posts
Posted on 5/5/21 at 6:14 pm to
R E A L. E S T A T E
E
A
L

E
S
T
A
T
E
Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
6099 posts
Posted on 5/5/21 at 6:15 pm to
Heaven help that old women if she's leaning on you.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
78879 posts
Posted on 5/5/21 at 6:16 pm to
quote:

Elderly


Bond ladder.

Crummy return but if she's already old, that plus her social security will provide for her needs. Not like she has to make the half million last 50 years.

Unless she wants to leave a nest egg for her children and grandchildren. In that case she should invest like a young person.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
88331 posts
Posted on 5/5/21 at 6:21 pm to
Posted by DVinBR
Member since Jan 2013
15215 posts
Posted on 5/5/21 at 6:30 pm to
Tulips
Posted by Weekend Warrior79
Member since Aug 2014
20602 posts
Posted on 5/5/21 at 6:48 pm to
Doge seems like the smart play since she’ll have plenty of time to recover any losses
This post was edited on 5/5/21 at 6:50 pm
Posted by Nonetheless
MAGA
Member since Jan 2012
34228 posts
Posted on 5/5/21 at 8:30 pm to
Doge
Posted by SmackDaniels
Gulf Breeze, FL
Member since Mar 2007
15366 posts
Posted on 5/5/21 at 8:47 pm to
Stick with a bank. They're insured, reliable etc...more than likely, the FA in the bank has been there afor at least a considerable amount of time.

If she is elderly, what does she want to do with it? Legacy or growth?

And if it's growth, what is the time frame?

If she's elderly, there are only 2 things she can do with that money, she can spend it or leave it to a beneficiary.
Posted by LSUcam7
FL
Member since Sep 2016
8751 posts
Posted on 5/5/21 at 8:58 pm to
quote:

keakar


Hussss...h your mouth, rookie.
Posted by CarbonAce
Member since Apr 2021
310 posts
Posted on 5/5/21 at 9:27 pm to
STLF. Local investment! Check it out. I am not an financial advisor!
Posted by RayBaker
The Sky
Member since Jan 2020
48 posts
Posted on 5/5/21 at 10:44 pm to
Hit me up at threeputtpar1@gmail.com. I can lead you in the right direction with someone in Lafayette.
Posted by Richleau
Member since Dec 2018
3973 posts
Posted on 5/6/21 at 10:16 am to
Put it in HMBL ETX

It buys crypto for her in the safest way possible operating like an ETX. I invested in April in the Block 5 and am up 29.7% so far. It basically buys a bunch of crypto coins in an effort to reduce volatility.
This post was edited on 5/6/21 at 10:18 am
Posted by FMtTXtiger
Member since Oct 2018
4933 posts
Posted on 5/6/21 at 10:23 am to
single?
Posted by makersmark1
earth
Member since Oct 2011
20174 posts
Posted on 5/6/21 at 11:08 am to
Get a copy of Velvet Jones’s books
Posted by shadyshane1986
West Monroe
Member since Jul 2014
365 posts
Posted on 5/6/21 at 11:20 am to
SAFEMOON your welcome
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