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Reply to "Invest Mom’s Money in Real Estate "
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[quote=Anonymous]Talk to a qualified financial adviser. 275k is about 18-24 months memory care. I wouldn’t want to be too risky, but I’d want to generate more than putting the whole thing in a high yield savings account. Let’s say you keep 250k in very conservative vehicles. Then you put 25k into some of the best stocks for selling covered calls. I played with a few configurations and strikes at 15 day expiration and generated 3k-12k (6-24k)/30 days. This is ONE strategy that can build more quickly. Don’t worry if you don’t understand what any of this means, but find a financial adviser who will talk to you abut using a portion of the money to generate higher returns. [/quote]
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