Originally Posted by samclem
He could do everything by mail, and the accounts could be rebalanced and the next year's money withdrawn at the same time you do his taxes with him. Even the calculations (for rebalancing) could be done with pen and paper if he's not comfortable with spreadsheets.
But all that is easy for me to say--it addresses the practical issues but not the important ones. If he doesn't have a full understanding of the investment strategy you are proposing, how will he react when his account balance drops a bit?
I think the best one can do is to tell the person what you do to invest your money, and offer to give him more details if he is interested in. Ultimately, he must do it himself. As my old grandpappy said. There are three sure ways for a men to end a friendship:
1. Loan money to your friend.
2. Talk your friend into some investment that can't miss.
3. Have an affair with his wife.