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Investing/Strategies / Retirement Investing
|Subject: Re: Want portfolio advice||Date: 11/4/2010 5:04 PM|
|Author: gdett2||Number: 67682 of 72499|
My concerns are:
1. Since you are doing this for a friend, are you going to become that person's "investment advisor" on a permanent basis?
2. Are you going to be the person monitorring the funds and making the buy/sell decisions?
3. Is the friend going to learn enough to take over managing their finances?
4. The operative point being how long will this person be a friend if the markets take another 10 or 20% roll down the hill and do you want to be responsible, possibly in court?
If the person does not know what all these investments are tied to and the risks associated with each, they should not manage them.
Will it be easier for them to learn about 4 sectors or 10?
Making money makes fast friends. Losing money doesn't.
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