futurewealth wrote:I was assuming this was just long-term, but then today she was asking about how soon she'll realize a gain.
TomatoTomahto wrote:futurewealth wrote:I was assuming this was just long-term, but then today she was asking about how soon she'll realize a gain.
And this, my friend, is the signal flare that tells you to get out of this task. Nothing good will come of it. It will reduce the quality of your relationship.
In addition to your relative's impossible expectations, your questions indicate that you are not the person to be doing this. Recommend a target date fund and be done with it.
futurewealth wrote:Thank you this is already helpful.
As for bonds, I think we'll see outperformance in specific funds/ETF's that stand to benefit the most from rising interest rates in the not-too-distant future. At some point inflation will kick in and the Fed will have to start mopping up all that excess liquidity. So I wonder...which type of bond stands to benefit the most from this dynamic?
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