I have an acquaintance who is 79 years old. She still works very part time and lives reasonably well on SS and the income from work and 30k in CDs. No debt, lives simply. Rest of family seems to be doing well.
I try to stay out of things like this but she trusts my investment advice.
She has a separate brokerage account that has 80k in it, all in very high quality, Magnificent Seven type tech stocks that have done really well. Her son helped her buy these stocks and it's impressive how well the portfolio has done. None of the companies produce dividends much if at all.
She's very concerned that this portfolio is far too risky for her at this point. A 50% drop wouldn't destroy her but it would be a big hit. She would like more income and a de risking seems in order.
Something like 40/60 VTI/VGSH seems like a far better way to go for her, but how is best to get her there? Do you just rip the bandaid off or is there a better way to do this?
I try to stay out of things like this but she trusts my investment advice.
She has a separate brokerage account that has 80k in it, all in very high quality, Magnificent Seven type tech stocks that have done really well. Her son helped her buy these stocks and it's impressive how well the portfolio has done. None of the companies produce dividends much if at all.
She's very concerned that this portfolio is far too risky for her at this point. A 50% drop wouldn't destroy her but it would be a big hit. She would like more income and a de risking seems in order.
Something like 40/60 VTI/VGSH seems like a far better way to go for her, but how is best to get her there? Do you just rip the bandaid off or is there a better way to do this?
Statistics: Posted by leo383 — Sat Apr 06, 2024 7:41 am — Replies 4 — Views 387
