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No. of Recommendations: 4
No good deed goes unpunished. Tough job on many levels.

I wouldn't let it bother you. No need for dispair. It doesn't affect you does it? Whether he paid off the house or gives the proceeds to the poor or to this new manager it doesn't change the outcome you expected, right?

It would have been nice if he gave the proceeds to you to manage or followed your advice but that's just pride messing with you. :^) He diversifies (diworsifies more likely). He makes a new friend. And maybe he will get payback from the neighbor in other ways. And, he might grow to value your abilities a great deal more with a new comparison.

With 22 years of 16.6% returns and you protecting the nest-egg he probably isn't overly worried about outlasting a bear market and making his mortgage payment. That's how I would look at it. You've given him nice options. Feel good.
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