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"My grandfather recently asked me to manage a large sum of money (approx $300,000) that he received (after taxes) as the result of the sale of his home.

Basically, he wants me to invest his funds as I do mine but wants to be able to draw a small amount of income that he can distribute to his three daughters."

1st thing I'd want to know is what is he considering a small amount? A

If you invested $300,000 in 5% CD's, this would be $15,000/yr or $3,750 per each daughter and grandfather
or $312.50/mo not including taxes.

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