Reply to How to invest a bunch of cash?

Forum Index » Money and Finances

Reply to "How to invest a bunch of cash?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Does your parent have an investment portfolio? If so, given that the money has no earmarked purpose in the near-term, why not just invest the money according to how the rest of the portfolio is invested? For example, if you parent's portfolio is 60/40 stocks/bonds, just invest the money the same way. It is all one big pot of money. If there is separate money available with no specific use, it really doesn't make sense to treat it differently.[/quote]

They do. In bullet 3, I mentioned that I can't put it into the brokerage account because it's not in the trust. I also can't make changes to that account on my own and have to go through a financial advisor. Very odd to me since I do Vanguard on my own.

I was considering opening a new account at Vanguard that would be opened in the trust's name. A lawyer told me the money needs to stay as "trust money."

[/quote]

Why and how are you getting the money in fits and starts if it's in a trust? I assume you have to wait for your parent to pass away....[/quote]

I am not getting the money. I am managing a situation in which my parent is getting money, and I manage their affairs. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics