This is kinda off the top of my head and would require research to refine it.

Assuming $50 million after taxes.

$2M in commodities (gold, copper)

$4M in cash in various currencies, stored in safe deposit boxes or CDs.

$3M in gifts.

$1M in excess spending (cars, girls, vacations)

$5M in real estate

That leaves $35M for stocks.

$12M in the financial sector(stuff like JPM, JEF, etc). Some stocks deserve to be down, but others have just been battered below where they should be, and it is getting close to being a good time to buy. Once the market corrects, you would want to sell some of these to provide more diversity.

$3M in Berkshire Hathaway(BRK-A). Always reliable, obvious concerns for when Buffet passes though.

$3M in current energy stocks(XOM, etc).

$3M in future energy mutual funds. Green is the new tech, or so they say. With so many little companies working towards future energy, it is hard to be sure who will explode and who will fail. A mutual fund dedicated to green energy companies will provide you diversity, with little research or worry on your part.

$6M in mutual funds that cover developing markets. These companies in these far off countries require a lot of effort to research. You and let a mutual fund do the work for you, and still have exposure to these large growth markets.

$1M in MCZ. It is a little company that I like.

$2M in GOOG. It still has room to grow.

$5M in high dividend companies, like AT&T. This provides a steady trickle of cash for you to love off of.

As for leaving money to kids. There is a wealthy British guy who thought of a great idea.

He has a trust established for his kids that matches every dollar they earn, so the harder they work, the more the trust pays them.

It also provides additional bonuses.

For example, if you choose to be a teacher or other job that might not pay very well, but helps people, then you might get $2 or $3 for every dollar you earn.

No offense, but you sound pretty naive.

That's pretty much all I have to say. I seem to have struck a nerve here.

Edit: let me clarify, it takes more than money to become a senator or governor or any type of elected official. But if you don't have money don't bother running for a major office (i.e. state level or above).

If you don't believe me, I'd suggest you do some research: look at every presidential election dating back to 1828 (the first *modern* election) and tell me the correlation between the amount of campaign money raised to election results.

I'll make it easy on you: in every single election, whomever had the most money won the presidential election.

that's a great idea.  I have always told my son if we ever win he/we will spend some of his vacations doing charity work at a local Children's Hospital.  I would only support my adult children financially if they were doing non profit charity work .  Otherwise they won't see a penny unless they have meager jobs like teaching or mentoring.  If they don't I would just donate it all to the a heart research foundation I have been involved with. 

I told my kids if I ever won, they were still going to college and getting a degree to help me manage the money better.  They are both very smart., but my oldest one is a genius.  Surely she would be able to help me keep the money going and going for future generations.  She is graduating high school this year.  So I could really use the money for her college anyway.

Nike, Sanyo, LG, Panasonics, Sony, washers and dryers, Books and priting press and dictionaries, sci-fi movies, pharmaceuticals...

There are stocks that no matter how good they are doing i will not invest in them, like oil (polutes the air), MacDonalds Fast food nor any stock that kills cows, they could be throwing away money i will not buy them...i don't think i'll invest in restaurants but who knows...would not invest in cellphones and communications like the media...

another stock i will not invest in is casinos...

There might be a small part of me that might, again might invest in Powerball..

And if they ever create a Gigantic Lotto Stock Market i will invest on it...

if you could only invest in women (as a human beign not as a product) as a stock...

"What kind of STOCKS would you invest in?"

Mostly vegetable, maybe some chicken or beef.  I haven't made a good stew in a long time.

Oh heck no, you didn't strike a nerve, but you seem to be implying money can buy anything, that's all.

It can't.

I guess Obama wins, why waste money on an election.

Back to the ranch: yes, it takes more than money to buy -er- win an election, you need to 'have' money to the extent that folks that 'have' money tend to run in the same circles, and those that 'have' money seem to have 'power'.  You don't need the MOST money perse', but you need the ability to navigate in those circles. Those that don't 'have money' don't get into the circles they need to be in.

And I was not specifically referring to a Presidential election, those are fake from the get-go.

You DO know most folks are scratching their heads wondering what the heck you are talking about.... LOL

Good comeback.