Here's the deal...My sister, who is a stockbroker is managing a portfolio for my grandmother. It started out at $150,000, went up to about $300,000 and is now around $109,000. My grandmother asks me if she should sell. I don't mess with stocks or pay much attention to long term trends, since I'm a futures trader. Any advice would be appreciated.
Here's the portfolio: Cash: $52,150.00 Funds: 1. COY--1500 shares 2. CYE--4000 shares Stocks: 1.CSCO---200 shares 2.ELCO---4,000 sh 3.ERICY---500 sh 4.GE----300 sh 5.INTC---400 sh
I guess what I am getting at is her investment allocation. Is the Putnam fund in stocks? Does the 90 year old grandma have all of her money in the stock market? If so, maybe you should take some steps to preserve your inheritance.
Here's the portfolio: Cash: $52,150.00 Funds: 1. COY--1500 shares 2. CYE--4000 shares these are closed end junk bond funds Stocks: 1.CSCO---200 shares would keep now 2.ELCO---4,000 sh barely worth selling now.what did she pay for this pos? 3.ERICY---500 would keep now 4.GE----300 sh would keep now 5.INTC---400 sh would keep now looks to me like there isnt much you can do now.