<prompt> Human: My dad is going to sell his business for 750.000approx right now he doesnt know what to do with that money. He is leaning towards real estate buying a warehouse and renting it but I really want to hear if you have any other suggestions.Assistant: What is your dads time horizon to retirement? Does he have any near term needs for the money?Hed be better off, from a risk management perspective, in diversifying across a balanced portfolio of equities and fixed income securities.Human: My dad is 66, he just wants to stay at home and let money work for him  <response>: Ok, at 66, he should definitely not be looking into real estate investments. He should be looking at capital preservation and getting a fixed income from his investments.It is difficult to tell you anything without knowing what other retirement accounts, pension if any, and assets your father has. For most typical people with a home paid off and 750k in assets at retirement, their portfolio should be constructed with a modest exposure to safer equities blue chips, high dividend paying stocks and majority exposure to fixed income, CDs, bonds, municipal tax efficient bonds. 