Advice for Fathers day?
with Fathers day looming, my thoughts turn to my dad and what to do with the investments I made for him.
you see last year his broker(Edward Jones) cold called him and talked him into a nice little diversified portfolio. I can't really argue the picks since their historically safe. Tgt, Msft, Pfe, Ge, Wfc.
My issue was with the timing. Why would you put a retiree all in equties right before one of the worst crashes in history.
I knew the market was going down ( but I never imagined how far) How could a professional not know this.
Any how My dad was pissed off and gave me 3 grand and said go make me some money kid.
bought him oil plays Uga and aav.
I think I should of bailed last week. But decided to wait till Jul4th when driving seasons over.
Am I misguided or do fools think I should put in the sell for monday.
I'll be seeing Dad this sunday and I'm sure he'll be happy with the %75 gain. I'm probably just being greedy.
Happy Fathers day to all.