How I Would Invest $1 Million Today

News Snapshot:

Mustapha GUNNOUNI/iStock via Getty Images Someone asked me yesterday: "If you received $1 million, how would you invest it?" It is not an easy question given that: Stocks (SPY) are today priced at historically high valuation multiples. Interest rates are expected to be cut substantially in the near term. Real estate cap rates remain quite low in most cases. Gold could suffer major capital flows to alternatives like Bitcoin. Bitcoin, on the other hand, has already risen a ton. We may be facing a recession in the near term. China could decide to invade Taiwan and we are much closer...