My dad is a very conservative man and has close to no knowledge about investing. I think he gets an average of about 6% return on his retirement account. Im assuming it is more then that this year because of Trump. Also he is just in mutual funds that cover the S&P 500. I am about two years into learning about investing and currently am majoring in accounting with a double major in finance. I absolutely love investing and working with money and numbers. Now I myself have made a 40% return in the last 7 months starting out investing. I am aware it is currently a bull market and this will not last forever. When this happens I plan on dollar cost averaging down on my stocks. I do not usually buy more then 4-5 at a time as I feel like it stunts growth being so diversified. My question is should I ask my dad to take over either all or a % of his retirement fund to invest in stocks I believe will do good? He has about 7-9 years until he retires and I do not plan on buying any seriously risky stocks. What I had in mind was SOXX, NVDA, DPZ, TSLA, and JPM. The exact stocks are not being mentioned to be judged upon, but just to give you a rough idea about the stocks I would invest in. Is this a good idea or should I just leave him to invest in mutual funds until he retires? I have never been able to help my family financially as I am still in college and they do so much for me so I would love to be able to give back to them.
Submitted February 12, 2017 at 02:53AM by Doeb1 http://ift.tt/2l72Q8N
