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km4hr · 07-02-2009, 03:29 PM

Thanks for all your reply's.

Good to know everyone fully agrees with the type of investment advice I should propose.

My friend does have heirs and she has been gifting. She gives 10% of income to the church. She's very happy with her life. She's doesn't think about money much and doesn't want to. She mainly just wants to know that it's safe. She trusts my advice which bothers me. I want to help her avoid leaving money lying around if it could be doing more for her and her heirs with little if any additional risk. To me, not taking advantage of obvious opportunity is about the same as throwing money away. I like money to work as hard as it safely can. I don't care whose it is.

I'm really a little uncomfortable offering investment advice. I mean, if I lose my own money then nobody knows about it but me. I can possibly work to get it back or cut my expenses. But if I screw up with someone else's money then people I care about will know it and even get hurt. Therefore I'm more careful about her money than mine.

I think I'm going suggest that she let Vanguard perform one of their free financial plans. I know they'll suggest all Vanguard funds and that they will include stocks in the mix. But it would be good to go through the process and find out what the professionals have to say. That way it's not just my advice that she gets. I've done that with my own investments. Vanguard's advice seemed pretty reasonable and conservative to me.

I wish I knew more about CD's. I've done very little CD investing myself. When you put money into CD's that you see online and at bankrate.com do you actually send money to all the various vendors? Or is there some way to manage the CD's from one account? I'm uncomfortable having large amounts of money scattered all over the place. Especially at places that I've never heard of. Do you get free gensu knives when you purchase online?

Again, thanks for you time and consideration.

07-02-2009, 03:29 PM	#14
km4hr Dryer sheet aficionado Join Date: Sep 2004 Posts: 34	Thanks for all your reply's. Good to know everyone fully agrees with the type of investment advice I should propose. My friend does have heirs and she has been gifting. She gives 10% of income to the church. She's very happy with her life. She's doesn't think about money much and doesn't want to. She mainly just wants to know that it's safe. She trusts my advice which bothers me. I want to help her avoid leaving money lying around if it could be doing more for her and her heirs with little if any additional risk. To me, not taking advantage of obvious opportunity is about the same as throwing money away. I like money to work as hard as it safely can. I don't care whose it is. I'm really a little uncomfortable offering investment advice. I mean, if I lose my own money then nobody knows about it but me. I can possibly work to get it back or cut my expenses. But if I screw up with someone else's money then people I care about will know it and even get hurt. Therefore I'm more careful about her money than mine. I think I'm going suggest that she let Vanguard perform one of their free financial plans. I know they'll suggest all Vanguard funds and that they will include stocks in the mix. But it would be good to go through the process and find out what the professionals have to say. That way it's not just my advice that she gets. I've done that with my own investments. Vanguard's advice seemed pretty reasonable and conservative to me. I wish I knew more about CD's. I've done very little CD investing myself. When you put money into CD's that you see online and at bankrate.com do you actually send money to all the various vendors? Or is there some way to manage the CD's from one account? I'm uncomfortable having large amounts of money scattered all over the place. Especially at places that I've never heard of. Do you get free gensu knives when you purchase online? Again, thanks for you time and consideration.