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My mother (75 years old US citizen residing in the UK) and her husband (80, UK citizen) are both in decent health. They have no debt, own their home free and clear (value around $3million) and have an investment account with around $2million, currently in cash as it is being moved from one broker to another. She runs a day care and their living needs at the moment are met 100% by this income plus pension. My thought is that her investment account should be invested very conservatively with a mix of bonds and index funds, maybe 60-40. Her new broker wants default allocation to be 60% stocks, with no real constraints on risk, I suspect maybe to milk fees. Isn't my conservative strategy more appropriate?



Submitted April 04, 2018 at 10:08AM by 1066orso https://ift.tt/2GYHEge

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