do not enter this market yet..too unsafe if 420k is his life...

do not enter this market yet..too unsafe if 420k is his life savings......sit it in an IBD for 3 mths..earns rubbish interest.....

20 grand is a small amount of money nowdays but even so the risk is currently too high to trade currently.

the way the market is if the dow doesnt bounce around 9400-9500 its a super freefall for a bit..

or:

if hes a gambler see if FMG slides to 4.00 tomorrow and bounces if theres serious support....buy 5000 and flick them for 4.50 on any quick spike..

his call...id fence sit..

no gold forget it, no nothing....cash is definitely king currently.

he could also slip his savings 3 ways.....quality blue chips for long term (but wheres the bottom for a good entry) plus he could look at more riskier options like lending facilities which i actually have through a solicitor...excellent interest 18% upwards compound currently but quite high risk......

Loans for actual physical things like buildings..hes probably a little short in cash for that though..

or find a suitable bank that may help him with a secured deposit....unsecured should also be ok.


Good luck,

Dumper