Let's create a portfolio (65k euro)
Hey Guys,
my dad wants to create a conservative portfolio, he wants to invest 65k euros.
He want's to put it away for 3 years and doesn't care about dividends etc.
What do you guys think? 3/4 in a mutual fund and the rest in a ETF's?
Or should he just go to a wealth manager?
If so, wouldn't it be a great networking tool? :D
if he wants to be conservative and needs it in 3 years, buy short term bonds
no wealth manager worth their salt will take that account unless they already have connections to him (family, referral, friend, etc.)
assuming you mean networking for you, and no this isn't how it works. I'd be a bit put off if a new client with a small account asked me to hook his kid up after only a couple of weeks as being a client. if you want to network with wealth managers, cold call them, they're one of the few industries that will respond to a cold call (they had to do it themselves likely). if you persist, they will meet with you for an informational interview and probably talk your head off.
3 years, doesn't care about yield, conservative.Go down to a bank and buy CD's and call it a day since it doesn't seem you are yield sensitive. Or buy a bond that matures roughly when you need the money, same difference I suppose if you truly don't need it for a few years.
Aren't ETF's more used if you have a small amout of money which you want to invest every month? (like $25?) Also isn't there a difference between index funds and ETF's? Plenty of websites use ETF as an synonym for an Index fund, but isn't like that every ETF is an Index fund but not every Index fund is and ETF?
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