04-13-2021, 09:05 AM
Hi Eric,
You're a great son!
Putting my engineer hat on, before we get started on the implementation, let's nail down the requirements. How much income, if any, do your parents need? Then we can come up with an overall target yield for the portfolio, and work towards that. Second, will they want you managing it, or will they take ownership? What is their risk tolerance? Do they plan to use the money to buy something or go on an extended vacation in the foreseeable future?
You're a great son!
Putting my engineer hat on, before we get started on the implementation, let's nail down the requirements. How much income, if any, do your parents need? Then we can come up with an overall target yield for the portfolio, and work towards that. Second, will they want you managing it, or will they take ownership? What is their risk tolerance? Do they plan to use the money to buy something or go on an extended vacation in the foreseeable future?