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#5
11-02-2004, 03:11 PM
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 Re: seeking recommendations matt <rottyguy70[at]yahoo.com> wrote: - quote - > very little. provide for himself and his wife. they live in small
He might want to look into the possibility of buying into a retirement> apartment (low monthly rent/utilities). owns 2 cars (uses one for > work). i would guess expenses in total are on the order of > 1200-1500/mo. i'd imagine his job enables him to pay his current > living expenses. he grew up a farmer and has little investing > experience and not much savings to speak of (aside from this > inheritance). i've been in the stock market for severals years but > i'm young and my aggressive experience is less then suitable for him. community or a condo unless his rent is very low. - quote - > > How's his health?
Some blood pressure medications cause a cough that can be alleviated by> he's always been strong. i'm a little conscious of a cough he's been > carrying for some time now. switching medications. no medical insurance :-(. this would be - quote - > a necessity until medicare kicked in.
Major medical insurance would keep him from going bankrupt at a lowercost than full medical insurance. - quote - > perhaps it's just a personality trait from my standpoint. i always
It's a good idea to ladder but don't go to far out on maturities until> like to be within a short reach of my savings. also it seems with the > current low rates on cd's, it seems more prudent to be able to roll > your money into better long term rates as the market improves. interest rates increase. A small amount in a mutual fund would help diversify his portfolio, but I don't know which fund would be best. -- Ron |
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#4
11-02-2004, 10:03 AM
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| Re: seeking recommendations answers inline: "BMS" <mcfarland[at]yahoo.com> wrote in message news:<Eeqhd.31551$HA.30564[at]attbi_s01> ... - quote - > To give the best ideas, we need more information.
early 60's> How old is he? - quote - > What responsibilities does he have?
very little. provide for himself and his wife. they live in smallapartment (low monthly rent/utilities). owns 2 cars (uses one for work). i would guess expenses in total are on the order of 1200-1500/mo. i'd imagine his job enables him to pay his current living expenses. he grew up a farmer and has little investing experience and not much savings to speak of (aside from this inheritance). i've been in the stock market for severals years but i'm young and my aggressive experience is less then suitable for him. - quote - > How's his health?
he's always been strong. i'm a little conscious of a cough he's beencarrying for some time now. no medical insurance :-(. this would be a necessity until medicare kicked in. - quote - > The rest of the portfolio is in what?
a savings account at best.- quote - > What about your mother-in-law?
dependent on him. she does not work.- quote - > Laddering CD's means a need for liquidity, Why?
perhaps it's just a personality trait from my standpoint. i alwayslike to be within a short reach of my savings. also it seems with the current low rates on cd's, it seems more prudent to be able to roll your money into better long term rates as the market improves. - quote - > Answer some these questions and you'll get better ideas.
thanks! |
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#3
11-01-2004, 05:12 PM
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| Re: seeking recommendations EXCELLENT ADVICE ! ! ! Cal "HW "Skip" Weldon" <skip5700removethis[at]hotmail.com> wrote in message news:uleco0psddth55lga093gks6ph2bup7iqq[at]4ax.com... - quote - > On Mon, 1 Nov 2004 05:41:04 CST, rottyguy70[at]yahoo.com (matt) wrote: > > hello, my father in law is on the verge of collecting a nice sum of > > money due to inheritance. he's asked for advice on what to do with > > his money. > I've heard it said (by a lot of folks with gray hair) that anytime a > family member asks for investment recommendations, the best response > is that they seek out professional advice. > In other words, YOU stay the heck away from mixing family and money. > <grin> -HW "Skip" Weldon > Columbia, SC |
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#2
11-01-2004, 05:12 PM
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| Re: seeking recommendations In article <3c124db.0411010340.2a23556[at]posting.google.com> , matt <rottyguy70[at]yahoo.com> wrote: - quote - > hello, my father in law is on the verge of collecting a nice sum of
What is he planning to use the money for? What kind of risk/reward> money due to inheritance. he's asked for advice on what to do with > his money. i'm thinking he should ladder on CD's the majority of his > inheritance and perhaps seek mutual funds on a small portion. > however, the rates on CD's seem really low at this time. what else > should i be researching? tollerance does he have? Does have have any other financial planning problems that need to be solved? What are his goals? It is really hard to give a good answer without a little more information here. Lots of things can make sense, anything from real estate, government bonds, tax free muni's, and the stock market. -john- -- ================================================== ================== John A. Weeks III 952-432-2708 john[at]johnweeks.com Newave Communications http://www.johnweeks.com ================================================== ================== |
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#1
11-01-2004, 01:36 PM
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| Re: seeking recommendations On Mon, 1 Nov 2004 05:41:04 CST, rottyguy70[at]yahoo.com (matt) wrote: - quote - > hello, my father in law is on the verge of collecting a nice sum of
I've heard it said (by a lot of folks with gray hair) that anytime a> money due to inheritance. he's asked for advice on what to do with > his money. family member asks for investment recommendations, the best response is that they seek out professional advice. In other words, YOU stay the heck away from mixing family and money. <grin -HW "Skip" Weldon Columbia, SC |
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11-01-2004, 12:51 PM
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| Re: seeking recommendations To give the best ideas, we need more information. How old is he? What responsibilities does he have? How's his health? The rest of the portfolio is in what? What about your mother-in-law? Laddering CD's means a need for liquidity, Why? Answer some these questions and you'll get better ideas. "matt" <rottyguy70[at]yahoo.com> wrote in message news:3c124db.0411010340.2a23556[at]posting.google.com... - quote - > hello, my father in law is on the verge of collecting a nice sum of > money due to inheritance. he's asked for advice on what to do with > his money. i'm thinking he should ladder on CD's the majority of his > inheritance and perhaps seek mutual funds on a small portion. > however, the rates on CD's seem really low at this time. what else > should i be researching? > thanks |
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#-1
11-01-2004, 11:41 AM
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| seeking recommendations hello, my father in law is on the verge of collecting a nice sum of money due to inheritance. he's asked for advice on what to do with his money. i'm thinking he should ladder on CD's the majority of his inheritance and perhaps seek mutual funds on a small portion. however, the rates on CD's seem really low at this time. what else should i be researching? thanks |
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