Pro Money Manager Question...

B

Breakout

Here's the deal...My sister, who is a stockbroker is managing
a portfolio for my grandmother. It started out at $150,000,
went up to about $300,000 and is now around $109,000.


My grandmother asks me if she should sell.

I don't mess with stocks or pay much attention to long
term trends, since I'm a futures trader.


Any advice would be appreciated.
 
Originally posted by vhehn
depends what the stocks are.for most real companys that make money it is too late to sell.
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Here's the portfolio:


Cash:
$52,150.00

Funds:
1. COY--1500 shares
2. CYE--4000 shares


Stocks:
1.CSCO---200 shares
2.ELCO---4,000 sh
3.ERICY---500 sh
4.GE----300 sh
5.INTC---400 sh
 
Originally posted by Thug_Life
Is grandma loaded, or is that her life savings?
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She's not loaded, but she's 91 years old and has another
$200,000 in a putnam fund.
 
I guess what I am getting at is her investment allocation. Is the Putnam fund in stocks? Does the 90 year old grandma have all of her money in the stock market? If so, maybe you should take some steps to preserve your inheritance.
 
Here's the portfolio:


Cash:
$52,150.00

Funds:
1. COY--1500 shares
2. CYE--4000 shares these are closed end junk bond funds


Stocks:
1.CSCO---200 shares would keep now
2.ELCO---4,000 sh barely worth selling now.what did she pay for this pos?
3.ERICY---500 would keep now
4.GE----300 sh would keep now
5.INTC---400 sh would keep now

looks to me like there isnt much you can do now.
 
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