UnThreaded | Threaded | Whole Thread (30) | Ignore Thread Prev | Next
Author: gdett2 Big red star, 1000 posts Old School Fool Ticker Guide Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75776  
Subject: Re: Want portfolio advice Date: 11/4/2010 5:04 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4
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.

Gene
http://www.taylortel.net/~gdett2/
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (30) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Clorox Isn't Cleaning Up
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement