Skip to main content
No. of Recommendations: 0
My parents, who are in their early 70s and in excellent health, have recently come into about $200K, and have asked me to help them invest those funds. They have very little financial savvy, and will need an approach that requires minimal participation on their part. They need a little income from the investment and are seeking to grow the principal fairly safely. Their main goal is to preserve this money as an inheritance for my brother and I, although my bro and I think this money should be used by our parents for a (more) comfortable retirement.

I am thinking about suggesting that they divide the money into thirds and invest it as follows: 1/3 in an income fund like Fidelity High-Income (I know, I know, but they really need ease of use), 1/3 in an S&P 500 fund, and 1/3 in the Foolish Four.

Any thoughts on this allocation would be greatly appreciated.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.