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No. of Recommendations: 2

Your Dad, like most investors in these uncertain times, needs to find a money manger he can trust and to let that person do the allocating and managing of what isn't insignificant chunk of cash. They're out there, maybe few and far between, but they are out there. However, if they are any good, they probably won't take your Dad as a client. Five minutes into the initial interview, they will become very polite and find a way of discouraging him from proceeding any further with them, because they'll realize he doesn't have the stomach for the risks he needs to accept if he's to beat sitting in cash. So he's dammned if he does, and damnned if he doesn't, with probably at least another eight years to live (according to the actuarial tables), and possibly as much as twice that. So it's not as if he needs to rush into a decision.

Are you familiar with Justin Mamis and his book, The Nature of Risk? That's a good place for him to begin his reading, because it will provide him with a high-level framework within which the low-level advice he's now asking for will make sense. That's what he's lacking. Not specific advice (which can be found by the yard nearly anywhere), but the means of recognizing what is good advice and what isn't. A framework within which to make rational, financial decisions is what he needs most and the equanimity to accept that he's going to make some mistakes no matter what he does, because that's just in the nature of trying to best position oneself for an ultimately unknowable future.

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