A friend of mine has come to me asking what to do with his recent payout of 200k. The reason he came to me is because he wants to put his money into stocks and knows I have a trading account. (It's only small though). I don't feel particularly comfortable with choosing stocks for him for the obvious reasons, so I've come here for some advice. Should I take him to a financial advisor or financial planner (I assume those are different things), or would it be better to just open him an account with a trading platform and use a portion of his 200k to purchase a healthy ETF that pays dividends and use another portion for a fixed term deposit? I've never been to see a financial planner or advisor and don't know what it entails here in Australia. Any advice would be much appreciated.
Not looking for any direct investment ideas, thanks.
Submitted September 23, 2019 at 08:46PM by ArneyBombarden11 https://ift.tt/2kYcRaF
