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re: What to do with cash right now?
Posted on 5/17/21 at 1:37 pm to makersmark1
Posted on 5/17/21 at 1:37 pm to makersmark1
quote:
I manage my Mother’s account.
I keep 5 years worth of her expenses in cash.
You are screwing your mother. And yourself if you are inheriting what she has.
2
Posted on 5/26/21 at 4:28 pm to Sterling Archer
So what should I put her near term money in?
Stocks?
Bonds?
CDs?
Stocks?
Bonds?
CDs?
Posted on 5/27/21 at 7:12 am to Sterling Archer
I have her in about 70% equities at almost 80 years old.
I doubt many people her age are that heavy in equities.
The cash portion was in CDs, but rates are so low now that it’s not worth tying up for years to get a pittance.
I’ve got her in a preferred ETF and some BDCs, but those have market risk.
She is healthy so her chances of making 90 are reasonable.
At the end of the day, she is just looking mostly at “capital preservation” and having cash to spend if she wants to go somewhere, make a gift, or buy something.
How much more equity exposure would you do for her?
I doubt many people her age are that heavy in equities.
The cash portion was in CDs, but rates are so low now that it’s not worth tying up for years to get a pittance.
I’ve got her in a preferred ETF and some BDCs, but those have market risk.
She is healthy so her chances of making 90 are reasonable.
At the end of the day, she is just looking mostly at “capital preservation” and having cash to spend if she wants to go somewhere, make a gift, or buy something.
How much more equity exposure would you do for her?
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