Pro Money Manager Question...

[Thug_Life]

So all of her $ allocated to debt securities is in 2 junk bond funds? This is one aggressive grandma.

 

[Breakout]

Originally posted by Thug_Life
So all of her $ allocated to debt securities is in 2 junk bond funds? This is one aggressive grandma.

More like one aggressive granddaughter. My grandmother doesn't know what a bond is, much less a junk bond.

 

[Breakout]

Originally posted by vhehn
Here's the portfolio:


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

Thanks vhehn...that's pretty much what I've been telling her...
the damage has pretty much been done.

 

[Babak]

I mean no offense, but you shouldn't be calling your sister "a pro money manager". That is an incredibly aggressive portfolio for someone 91!

When building a portfolio take into consideration [1] person's time frame (when they will need the money) [2] person't goals for the money (what they want to do with the money) [3] the person's risk tolerance

I can't be persuaded that your grandmother would choose [1] long time frame and [3] long time frame (10-15 years). (I have no idea what her answer to [2] would be.) But the portfolio is structured exactly towards those sort of answers.

Also, please introduce the concept of a stop loss to your sister. Have you taken a look at ELCO and ERICY's charts?!?? Helloooo!?!

I hereby sentence her to a thousand lashes with a semi-wet noodle for her crimes against a portfolio.

 

[Lavish]

Maybe granny isn't telling you the entire story. It seems the person managing her finances is managing her own future inheritance. You should ask HER what is going on. Maybe granny got into trouble with the IRS and needs the loss to carry-back and offset some stiff penalties??? Or, perhaps Granny gets the final say in all transactions in which case the manager should bear NO responsibility because of the obligation to follow the directions of the owner. People, including elderly people, can be quite difficult and even contrary. There are so many possibilities that you should consult the person managing the money. IMHO

 

[specul8tor]

I charge by the hour!

 

[Breakout]

Originally posted by Babak
I mean no offense, but you shouldn't be calling your sister "a pro money manager".

No offense taken...I appreciate you're input.


I appreciate everybodys input.

Have a great day!

 

[SilverBullet]

Why the hell was a 91 year old woman holding INTC and CSCO in the first place?

Secondly, why the hell is she still holding them years later?

This is why analysts and brokers are going to jail...

 

[sunnyskies]

I wish they were going to jail...