I know a guy who knows a guy who has some money to place in the market right now but he has noticed that the Stock Market is very high and that residential rental property is very high and that he has essentially missed the boat on getting any good deals or the prospect of making over 5% on anything.

What should he do? Should he put the money in a money market account and wait for the next recession or make the assumption that he needs get in on the action today and that this bull run is going to keep going and get stronger?

Should he do ETF's, low risk Vanguard Account, put the money with a broker for 1% per annum fee?

Your recommendations will be very helpful for my guy.

Thanks.