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Subject:  Re: Bonds vs equities - OT? Date:  7/25/2013  2:33 PM
Author:  Tuni Number:  72682 of 102702

HAve just spoken with our financial advisor at the bank - we share fiduciary responsibility for his trust. We've reduced his bond fund exposure by a bit - now he's about 25% in Bonds, the rest in equities or cash equivalents. All his equities are in mutual funds as are his bonds.

He will have no or little tax issues since the dividends he's been getting over the years should just about offset that from the sale. We sold Pimpco for him, which had disappointing performance anyway.

Meanwhile, we continue to watch the market - everyone says that interest rates are bound to rise, however, I've been hearing that for a few years now. Meanwhile the global financial market remain unchanged, status of everything is risky and I have to be careful not to do anything (even if his current mood, asks me to) to protect myself legally as the Trustee. I depend on the bank (which shares that responsibility with me) to ensure that they and I are careful stewards of that responsibility.

thanks for your help, as always,
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