my mom and grandma want me to manage $250k for them help me

[Anonymous No.57025230]

hi, /biz/. I'm usually a /g/tard but recent events have caused me to get more involved with /biz/. I'm in my early 20s and a recent college grad. In December 2022 I decided to start investing some of my money into Robinhood. It went well, at least I think for someone who just did regular stocks. My mom knows this, she's had some local financial firm managing her money for the past 4 years. She's invested $215k over that time, and her account is sitting at $200k right now. She has a high income and if her money was managed right she should be a lot wealthier. Yesterday, after some talking, she gave me $1k to invest for her. And we've been talking more, she says if I do well she wants me to invest $50k for my grandmother who is in a similar situation. And eventually, she wants to move over her whole account, assuming I get the same returns I was getting on Robinhood (I cashed out in September for a down payment on a used car).
To cut a long story short, what the fuck should I do? Can you link me free learning resources? My mom's giving me a small cut of the monthly profits, so I'm incentivized to actually make some money here. I would have posted this in a stupid question thread if there was one.

[Anonymous No.57025243]

Put the 200k into eth, cash out when eth hits 10k and take a fee. Simple.

[Anonymous No.57025242]

>>57025230
This is a very bad idea.
Do not mix family and finances.

[Anonymous No.57025247]

>>57025230
all in COQ

[Anonymous No.57025263]

>>57025230
>To cut a long story short, what the fuck should I do?
put it all on kaspa and bitcoin when they dip hard

[Anonymous No.57025273]

Could go horribly wrong.


Split up your investments, if it’s family money you’ll probably break down as follow, 70% in risk averse and 20% is a bit more risky; and 10% risky investments. Only put money in things you know about and if you gamble/risk money make sure it’s money you (or your mom) can afford to lose.

Ultimate degeneracy and highest risk/reward ratio would be throwing money like 1k to 10k in shitcoins. I’m up 45% in two days on a few.

[Anonymous No.57025277]

>>57025242
I agree with this anon. I'd also advise against buying shitcoins like >>57025247
>>57025263.

[Anonymous No.57025279]

>>57025230
Just have them buy a money market fund, they'll make 5% for free. After the stock market eventually crashes you can buy blue chips on the cheap, it's a win win just chill for a bit

[Anonymous No.57025319]

>>57025230
buy 250k worth of btc miners and sell in one year.

[Anonymous No.57025423]

>>57025242
I agree, but I want her money to grow. I want to teach her. But she also wants me to be more entrepreneurial like her and do it myself as a business.
>>57025247
>>57025263
>>57025319
im doing the opposite of this lol

>>57025273
okay, i was thinking something similar!

[Anonymous No.57025432]

>>57025423
>im doing the opposite of this lol
yes, also do that, put shorts on both of them when they pump hard

[Anonymous No.57025437]

>>57025273
>>57025423
>70% in risk averse
what do you guys consider risk averse?
s&p500? real estate? bonds? gold?

[Anonymous No.57025448]

Just say no. Holy shit that's a sure fire way to ruin your relationships, because every gain you make is based on THEIR money, so you get no credit, and every loss you make is all on YOU because YOU were the one calling the shots with THEIR money.

Seriously, refuse to do it. Too much responsibility for beloved family members' money. It's a lose lose situation for you (but don't tell them that, just say you're uncomfortable with it).

[Anonymous No.57025452]

>>57025230
Take every dime you’re given, put 45% in VOO, 45% in VTI, 5% as cash earning interest, 5% on BTC, and don’t touch fucking shit. DRIP if you want

[Anonymous No.57025488]

>>57025230
>Take money
>Don't invest it in anything
>After 6 months, pick a random stock that's down 10%
>Ask them earnestly if they'd like to pull out before more downside. Strongly suggest it even.
>Return 90% of the cash, keep the other 10%

[Anonymous No.57025490]

>>57025488
lmao this.

[Anonymous No.57025505]

Put it all in the Solana casino shit is popping off rn

[Anonymous No.57025506]

>>57025448
i have half a mind to do this

[Anonymous No.57025524]

>>57025437
Well if I’m OP I’d put that shit in like vanguard trusts, that’s what I’m gonna do with my children’s investments, slow safe build, but personally risk averse for me is currently stable corporations, right now I have a heavy chunk in DNN, I’m up 50% over the last 9 months. Ironically my risk investment has been stable at 9% increase currently, I was up 30% at one point with that one but it’s so volatile it goes up and down 20% often.

[Anonymous No.57025554]

I'm going to give you literally fucking golden advice right now. Put that shit in Toshi on Base chain. This is not your average shitcoin, this is a once in a lifetime opportunity. This is not a Jeet shilling, this is legitimately the next 100x maybe 1000x and anyone who can't see it is genuinely retarded and does not deserve to make it.That much in Toshi could easily bring tens of millions, just depends how long you want to hold. You could even take profit early and walk away with millions to be on the safe side. There is essentially no way this coin fails. Thank me later.

[Anonymous No.57025562]

>>57025554
Toshi or Mochi

[Anonymous No.57025879]

>>57025230
hey pal
everyone made money in 2023

[Anonymous No.57026703]

>>57025230
robinhood will fuck you on your fills, jussayin

[Anonymous No.57027226]

>>57025230
bit heckin coin

[Anonymous No.57027257]

>>57025230
All in on gold.

[Anonymous No.57027326]

>>57025452
you should do this. Be cautious cause >>57025879 is right.
anything riskier puts your relationship with your family at risk. And if btc blows up on halving (ut will), you'd make some good money, enough to quit that job with your mother happy if you don't want to continue doing that for a living.

[Anonymous No.57027328]

>>57025230
Don't even consider this you retard. Nothing wrong with giving suggestions but if you are managing their money, both they and you will blame it on yourself when the account blows up.

[Anonymous No.57027340]

>>57025230
You had lucky run and there is massive risk of you losing money. Most people lose and you have done only few trades. I would not do it if i were you.

[Anonymous No.57027370]

>>57025230
this is reasonable >>57025452 but I don't see why she would need you. It's essentially a boglehead plan anyone can follow. you can drop the BTC if that's too risky / difficult to explain to her

[Anonymous No.57027403]

>>57025230
Why not just agree, then find a better financial firm to handle it?

[Anonymous No.57027432]

What was your strategy with your own money?

Also this is 100% not a stupid question for this board. If this board had a /SQT/ it would consume the entire board as it exists now.

[Anonymous No.57027437]

>>57025230
Or spread it out by putting $1000 in 250 low mcap shitcoins?

[Anonymous No.57027455]

>>57025230
Don't fuck them up, don't take more than 20k, that's the limit, and if you're gonna take it, try to throw it in something like ETH, IQT or SOL

[Anonymous No.57027523]

>>57025230
Bogle strategy look it up and don’t be a fucking moron

[Anonymous No.57027531]

>>57025230
I wouldn't do it, only if she payed me premiums so I can insure some of the possible losses.

[Anonymous No.57027858]

>>57025506
Ya, I wouldn't do it either. It's a good way to fuck up family relationships. Set her up with a financial advisor clown and maybe meet her in the middle like: you'll take $25k and open a regular brokerage account and split any profits with her (nightmare on taxes but she'll feel like she's supporting you in thst way).

[Anonymous No.57027868]

Put it into a Fidelity Investment account. They'll pay you ~5% to leave it there and it's insured. You don't even have to put it into anything.

[Anonymous No.57027869]

>>57027455
KEK, why not? Have they given him anything?

[Anonymous No.57027872]

A lot of very rich people would tell you to be sensible and put it in index funds.

[Anonymous No.57027875]

>>57027403
Cuz he's retarded, probably

[Anonymous No.57027885]

>>57027455
Do you really think putting their money into shitcoins is a better option?

[Anonymous No.57027887]

>>57027455
I don't think you've got what OP tried to say, won't explain either

[Anonymous No.57027897]

>>57025230
80% short dated treasuries 20% gold. Your odds of losing big are near zero. Don’t fuck around with someone else’s money.

[Anonymous No.57027901]

Set everything into a global index fund and leave it there for 10 years.

[Anonymous No.57027952]

>>57027897
That's probably the best specific recommendation itt, but it sounds like they WANT him to trade stocks with their money. I wish I had family like that kek.

[Anonymous No.57027963]

>>57027872
Index funds and treasury bonds is a basic low risk low reward strategy. If they’ve got the 200k they’re not chasing big buxx in the shitcoin casino.

[Anonymous No.57027970]

>>57025242
this

[Anonymous No.57029489]

>>57025230
put it all into $WIFOUT

[Anonymous No.57030090]

>>57027897
I have been telling my mom to look into bonds and gold. And she is interested. I think I'll take the advice of some of the people in this thread and only manage up to 10% of their respective accounts. My grandma needs money for her retirement home anyway so she has to cash some out.
My mother especially needs some more liquid cash reserves that will grow, as she has a business and her business sometimes needs extra funding to grow.
I am reading all your suggestions btw, don't think I'm not!Sadly no matter how much you guys want me to, I won't be investing in shitcoins lol. I myself am invested in Bitcoin ($60 so its nothing), but Bitcoin is pretty risky, maybe I'll put 10% of their account into it.

[Anonymous No.57030161]

>>57025230
Please do not believe that because you made some money during a bull market that you are now qualified to actively manage your mom's life savings

[Anonymous No.57030329]

>>57030090
What is actually in any of this for you? "A cut of the monthly profits"? For that to be any worthwhile amount, it would eat into her gains and completely defeat the purpose of investing in anything other than a basic index fund. She may as well just buy CD's. "Preserving Capital is more important than Maximizing Gains".

So for what might be, what, a couple dozen bucks a month, when things are good, you're going to gamble your familial relationships?

Dude trust me this is the ONLY thing that can actually destroy a family. Infidelity, abuse, addiction, incarceration, death: I'm telling you, those are all things that strong-willed families can and regularly do overcome. "Resentment Over Large Sums of Money" is the one thing that actually can, truly, tear a loving family apart. Usually it happens over inheritances. Don't press the fast-forward button on that tragedy.

[Anonymous No.57032527]

>>57025230
Earning 1% tax on trading volume, and a blazing 75% from the AI Auto-Trader could be the game-changer, why not jump on TBOB asap.

[Anonymous No.57032613]

>>57027455
Take a break and keep your eye fixed on KIMBER, this could the best time to jump on cryptos that will thrive in the bullrun. The future of diamond ownership is here, and it's called TNFTs.

[Anonymous No.57032730]

>>57025242
Nobody in that financial firm cares more about his mom than him. Financial advisors are frauds, charging up to 2 percent "management" fees. When all one needs to do is ask themselves "Do I want long term capital appreciation with little dividend payout in the short term?" --> click "Buy SCHD/VTI". Or "Do I want income with limited upside appreciation?" --> Click "JEPI/JEPQ/ARCC".

If the whole market turns to shit, then every index fund is going to turn to shit, financial "management" or not. It is out of their control how the market performs. If his mom understands this, she will not blame him.

One time I was at a party with friends, we were talking about money and a mutual friend of mine was sort of bragging about how they were going to be ready for retirement. I ask them what do they invest in? "Oh, we don't know, it's handled by professionals. We just told them we wanted lowest risk possible". Turned out they’ve been investing in bonds at the age of 32. Managing fees are 1.8-2.5% so they pretty much made 0 net gain in almost a decade working. They could be retiring with millions of dollars, but they think they will be comfortable with just 500k. Financial advisors are frauds who prey on people's ignorance, they like people to think that what they are doing is something super complicated when it isn't.

[Anonymous No.57032876]

>>57032730
hey can you explain ETF/index synthethics and how it relates to a house of cards? also mention something about cede & co where applicable. tia!

[Anonymous No.57034056]

>>57027455
Retard

[Anonymous No.57034123]

Everyone here is retarded. 30% 30y US treasuries at 4.3%, 10% 10y us treasures, 10% 5y us treasuries, 10% GDX, 40% spy. Why complicate your mom & grandmas retirement. They worked their entire lives for this op. Honestly I wouldn’t even manage it, you wouldn’t be so nonchalant about it if you really understood what they’re asking you to do..

[Anonymous No.57034136]

>>57032730
Nigga at least those institutions have actual investment managers with decades of experience. They’re not some 20 year old with 5k he saved up over the summer

[Anonymous No.57034146]

>>57030090
Nigga said
>I’m invested
>$60
You are going to be the reason your mom has to work until she dies.

[Anonymous No.57034165]

Find CD's that pay 5% and ladder in the whole $250k. You will make $1k per month risk free.
or
Make an account on TreasuryDirect and do the same thing with 13-week market traded UST securities.

[Anonymous No.57034179]

>>57025230
EVERYTHING WENT UP THIS YEAR STUPID
YOU DIDNT DO ANYTHING SPECIAL BUYING APPLE

[Anonymous No.57034187]

Do the research for them and find a good financial advisor for them. Best of both worlds and no hurt feelings

[Anonymous No.57034205]

What's stopping some non-licensed FA from advising random people? If someone doesn't know how to invest their money and is too lazy to learn how to use their brokerage, I could easily tell them.
>Just dump it all in these T-Bills/CD's
and charge em' $25 a month to look over their account.
I get 20 or so "clients" and that's an extra $500 to do practically nothing.

[Anonymous No.57034217]

>>57034205
Finra and lawsuits

[Anonymous No.57034245]

>>57034165
More on TreasuryDirect: i-bonds are still at 5.27% now.

Other ideas for medium risk yield:
>Foreign sov bond funds (PCY, ELD, EMD, EMB, LEMB) @8%
>closed end funds @7%
>dividend equities (XOM, MO, VZ, etc.) @6-7%
>short option selling (spreads) @15%
>naked put selling on price dips and vol spikes @ 25%

[Anonymous No.57034254]

>>57034217
Fucking lame. I should be able to sell my fly-by-night financial advisory services to every idiot dumb enough to buy them. Then again, if they're dumb enough to consult with me, they're probably not smart enough to invest their money anyway.
DAMN.

[Anonymous No.57034314]

>>57034205
You can do flat fee financial planning, nothing wrong with your idea. You just need to get them onboarded and met regulations.

[Anonymous No.57034446]

>>57034314
I did my googles. I gotta pass a 100-question test from FINRA. I know various terminologies since I've been working with [big name brokerage] as a low-level FSR, but I'm probably not well-versed enough to handle the test right now. There's probably a bunch of ethics bullshit on there as well. A lot of the tests cost $50 to $100. Talk about lame.

[Anonymous No.57034932]

keep it retard and boring like a boomer

80% SPY
5% blue chip ( INETEL, AMD and NVIDIA )
5% food ( heiz, mcdonalds, costco ect... )
5% infracture ( steel, Cat ect... )
4.9% degenerate crypto gambling ( ICP, SOL, AVAX, LINK, SOL and ADA.
0.1% in shitcoin so you could lose it all in few weeks.

[Anonymous No.57036382]

>>57025230
Everything in S&P500 boomer funds, never touch it again.