My favorite tip from consumer reports is that you:
(this is from National Center on Sleep Disorders Research, American Academy of Sleep Medicine, and individual sleep-medicine experts they consulted):
Use the bedroom only for sleeping or sex.
I wonder how many other things we use our bedroom for?
Little children make it very difficult for parents to have private time for intimacy / romance - especially when the little ones join you in the bedroom (every night!) it's unlikely if impossible that the bedroom will be used for anything other than:
1. sleeping (a little)
2. jumping on mommy and daddy to wake them up
3. jumping because it's fun
4. vomiting or anything else that comes out of a sick child
5. a place to watch tv in bed with mommy and daddy (think safe secure nest)
6. a great place for folding laundry
7. an inconvenient place for building puzzles (try moving the puzzle to go to sleep)
8. a second kitchen when under the weather
9. a mysterious warren of comforter and pillow tunnels ripe for exploration
regards, makingourway
Showing posts with label family. Show all posts
Showing posts with label family. Show all posts
Monday, October 12, 2009
Monday, September 24, 2007
managine a relatives money
Recently, a relative asked me to manage money for himself and his father. I'm a bit hessitent, but due to his situation, I see it makes sense.
I don't like being responsible for performance, but he just read part of All About Asset Allocation and seems to agree with the philosophy, which is what I would use.
He doesn't have much to invest ~ $16k and his father about $12k.
My thoughts are to put about 35% in bonds - need to find a non-taxed sheltered bond index fund - something that doesn't produce too much current income.
Then would put the rest in:
Large cap ETF
Value large cap ETF
European ETF
Asian ETF
(emerging ETF if non alot of overlap with the other 2)
Small cap ETF
Is there a small cap value etf?
Mght put small amount in a commodities ETF
Not sure of the asset allocation percentages yet.
I'm planning on putting the accounts in a low / free trade brokerage like Zecco. One account for my relative and the other for his father.
I'll rebalance annually.
He seems comfortable with using index funds and I've set his expectations for level of return. He'll have a longer investment window.
Has anyone done this before for a relative before? How do you manage it?
Regards, makingourway
PS He wants to completely forget about the money and have all dividends reinvested.
I don't like being responsible for performance, but he just read part of All About Asset Allocation and seems to agree with the philosophy, which is what I would use.
He doesn't have much to invest ~ $16k and his father about $12k.
My thoughts are to put about 35% in bonds - need to find a non-taxed sheltered bond index fund - something that doesn't produce too much current income.
Then would put the rest in:
Large cap ETF
Value large cap ETF
European ETF
Asian ETF
(emerging ETF if non alot of overlap with the other 2)
Small cap ETF
Is there a small cap value etf?
Mght put small amount in a commodities ETF
Not sure of the asset allocation percentages yet.
I'm planning on putting the accounts in a low / free trade brokerage like Zecco. One account for my relative and the other for his father.
I'll rebalance annually.
He seems comfortable with using index funds and I've set his expectations for level of return. He'll have a longer investment window.
Has anyone done this before for a relative before? How do you manage it?
Regards, makingourway
PS He wants to completely forget about the money and have all dividends reinvested.
Subscribe to:
Posts (Atom)