I'm now in control of $850,000 currently held at one credit union and owned by an elderly creator of a trust of which I'm the successor trustee and sole beneficiary. Trust creator resigned as acting trustee so now I am the acting trustee. For FDIC reasons alone I will be moving much of this sum. Aside from that, by state law I am required to follow the "prudent investor rule" requiring me to invest these assets responsibly and as if they were my own, for the sole benefit of the trust creator while they are still living.
I'm having a consultation with someone from Schwab about this tomorrow. My purpose of being here with you is to get other voices and ideas to make sure I am aware and do the right thing.
Should I spread this money out among multiple brokerage houses? Should it be at multiple brokerage houses and held in multiple ways such as index funds, mutual funds, EFT, and so on? Is it a good/bad idea to throw $750,000 into an index fund? What are some pros and cons? I don't think throwing it all on bitcoin is going to fly you guys! I appreciate any help I can get.
Thank you very much!
Submitted November 30, 2017 at 12:49PM by 850k http://ift.tt/2Aqe4gH
