Hi all -
My parents live in Spain and own a home there and until recently also owned an apartment (investment property). They did not have a mortgage on the apartment and have just sold it for around $150K.
They are both in their early 70s, live fairly modestly, don't have a mortgage on the house or any other debts and my father receives a regular pension from his previous employer in the UK. Any suggestions on how to invest the 150k? They are planning on speaking to a financial advisor but I was hoping to give them some suggestions.
Thanks in advance!
Parents sold second home. Need advice on how to invest $$$ [Spain]
Re: Parents sold second home. Need advice on how to invest
Buy an SPIA and start living less modestly?
Re: Parents sold second home. Need advice on how to invest
Thanks. Think they are pretty happy with their lifestyle (on the golf course 3 or 4 times a week!) so was thinking more along the lines of where to invest versus extra income.
Re: Parents sold second home. Need advice on how to invest
The first suggestion is to avoid financial managers!
If their income needs are truly met I'd suggest a 3 fund portfolio at Vanguard with about 50% in equities.
If their income needs are truly met I'd suggest a 3 fund portfolio at Vanguard with about 50% in equities.
Re: Parents sold second home. Need advice on how to invest
This.Ged wrote:The first suggestion is to avoid financial managers!
If their income needs are truly met I'd suggest a 3 fund portfolio at Vanguard with about 50% in equities.
"Don't trust everything you read on the Internet"- Abraham Lincoln
Re: Parents sold second home. Need advice on how to invest
+1denovo wrote:This.Ged wrote:The first suggestion is to avoid financial managers!
If their income needs are truly met I'd suggest a 3 fund portfolio at Vanguard with about 50% in equities.
At the very least they need to know exactly how the financial adviser is compensated.