Lets say Grandpa never trusted banks and kept his money "under the mattress". In talking to him you find out he has $100,000 in cash. You finely convince him that the money is actually losing value every year and he needs to let his money make him money.
How would you invest this amount of cash? Knowing you can't just go deposit in the bank (without IRS coming to see you).
One key factor in the investment. This is grandpa's life savings so you would want a safe lower risk investment.
Guess grandpa's age is important: Let's say 55-60
How would you invest this amount of cash? Knowing you can't just go deposit in the bank (without IRS coming to see you).
One key factor in the investment. This is grandpa's life savings so you would want a safe lower risk investment.
Guess grandpa's age is important: Let's say 55-60
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