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Subject:  Mom Needs Help! Date:  1/30/2000  3:19 PM
Author:  PJGRADY Number:  18478 of 108790

A close friend of mine asked me to help him with his Mom's's the situation:

Existing Portfolio:
IRA at Edward Jones (Un-Foolish) $19,000
Investment account (Jones) $43,000
TOTAL: $62,000
Mom is 72 yrs old...the IRA is all in various Putnam Mutual Funds. The investment account is split...
$22,000 in Home Depot stock (bought 1997) and $21,000 in Putnam Mutual Funds. Additionally, mom just came into $100,000 that she wants to invest and live off.
Her only other source of income is her social security but her expenses are nominal as she lives with her son.


Should she liquidate the Putnam Mutual Funds for an Index Fund? I was thinking of recommending the Conservative Retirement Portfolio including the Foolish 4 and the Vanguard Bond Funds. Should she sell some of the Home Depot for balance or just leave it. I am also recommending opening a Discount Brokerage account to invest the $100,000.

I realize that this is pretty long...but any suggestions would be greatly appreciated.

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