Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (21) | Ignore Thread Prev | Next
Author: 1Apocalypse Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Unexpected windfall Date: 6/22/2007 12:10 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Greetings.

My parents have sold some real estate, and my mom (noting my vast experience of 3 yrs at the Fool) wants me to manage the money. Actually, what she said was "Take it and pay for your son's college. Invest it. Do something with it, I don't know what to do with it."

Translated, she figgered I (with the Fool's help) could do better than a CD.

So she's thinking of sending me a cashier's check, and I wasa thinking of dropping it into my Freetrade => Ameritrade account and buying her some mutual funds or something.

I ran my thoughts by the good folk on the HG Philosophy board, and got some good feedback, but the consensus was "Better post that on the Tax Strategies Board"... so here I am.

Maybe I should open an online account for Mom with her tax ID. That would seem the simplest thing...

TIA,

-1A
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (21) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
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.
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