AzCactus

@John Hjorth-Thanks for the insights. I have thought about keeping things exactly as they are and letting the account slowly drawdown. I have also thought about the potential liability. As her trustee, the trust documents afford me the ability to make investments for her best interest. However, there isn't a formal investment mandate. There are two other beneficiaries who I am relatively close to but it is fair that if the account were to fall substantially they may attempt legal action against me. My main concerns (and the reason for thinking about investing more aggressively) include: Her income-About 35% of her income is social security, the rest is interest income from a hysa. My expectation is that this will decrease eventually. If interest rates were to fall to 2020 or 2021 levels this would significantly increase her drawdown. Might look into CD's to offset some risk here Her expenses-Between potentially needing a caretaker around more or the option of her being in a nursing home-her expenses could increase substantially. By my estimates in a worse case scenario they could approximately double. Her life expectancy-While I mentioned above and think it's likely that 4 years is around the right number if she lived much longer this would further drain her expenses. Ultimately my fears are that in 2ish years interest rates and therefore her income is much lower, her condition has decreased and her expenses are much higher and the drawdown goes up substantially and this becomes a real challenge. Even at the present time we are talking about increasing her care which would likely increase about 1K/month to drawdown.

Thanks all for the advice. She partially raised me so this hits home hard. @Saluki-I appreciate your guidance and this seems to be a pretty safe strategy. @vinod1-Will need to research annuities a bit more but if the return is around what you indicated that seems like it would reduce stress significantly.

Stage 6 is pretty bad. There are only 7 stages and she can seldom enjoy her life. She defecates wherever she is even if it's not at a toilet and can't really have a cohesive conversation. My other concern is that if (when) interest rates fall the vast majority of her income (currently interest income) is going to fall and that's going to increase the drawdown rate potentially substantially.

Hey guys-looking for some advice. My grandma is 92 and due to having some issues with her kids I'm managing her assets. Her physical health is good, however she also has stage 6 dementia (there's a total of 7 stages). The average life expectancy for someone with this is 4 years or fewer. This is not age adjusted A big more below: Her expenses are about $4,500. She has $1300 in social security-bringing her net expenses to about $3,200/month Her asset base is about 600K and it's currently all in a hysa earning about 4.8%. This creates about $2,400/month on a pretax basis so we can estimate $2,000 after taxes. Effectively we are going into the principal at about $1200/month or $14,400 per year. My thought is to invest her funds as shown below: 25%-VOO-dividends reinvested 25%-SCHD-dividends reinvested 10%-FZILX-dividends reinvested 40%-money market/CD's. My thought was to dollar cost average over the next 24 months. No rhyme or reason here just seems that the market is a little overheated. Any guidance is appreciated. Thanks in advance and happy to answer any questions.

FAST

I guess we don't know right-there's only one reality. But markets don't go up forever-last year markets were up like 30%-was that actually warranted? My point is over the course of a general cycle-periodic pullbacks are healthy. In this specific cycle, there are several factors that are (somewhat) unique-inflation at a 30 year high, student loan debt at an all time high, a maxed out fed etc. Lastly here, I wouldn't categorize what I mentioned as fears other than the fear of a recession. It's a fact that inflation is at like a 40 year high, it's a fact that housing is unaffordable and it's a fact that student loan debt is hurting many consumers. If we look at the past call it 15 years there have been a couple of times (2008 and 2020) where the fed has intervened in a huge, huge way and we can't push the can down the road forever. Appreciate the healthy debate @Gregmal

I would be surprised if we are at the bottom. Interest rates are going up, housing is not affordable for a large segment of the population, consumers might be squeezed and the US (maybe lots of the world) is headed into a recession. Also, lest we forget, the fed has totally shot their load-they have no tools I'm aware of. Not making predictions, just saying I wouldn't be surprised if we saw more downside pressure

META

US $13,141,314.00

BRK, FB, WGO and FAST

@LC Thanks for the feedback. Yes we have funds saved and it's really not a huge financial issue. It's more like being afraid to both: Piss off my current employer by bringing up something that they have either deprioritized or might be working on. Not getting off on the wrong foot with an employer that doesn't even exist yet. (The longer I wait though the more this would probably make a potential new employer unhappy)

@vakilkpThanks for the reply and the congrats This is in USA-Arizona. I'm covered by FMLA but from the research I've done FMLA required you to have been at the employer for 12 months. By the time the baby comes I will have been at the employer about 10 months. Re: looking for a new job-you are right. Even if I find a job 7/1-I would let the employer know that in about 5.5 months I would need to take maternity leave. It probably doesn't help that I am in tech sales where there has been some layoffs occurring.

Hi All, Kinda odd life question here. Was at my previous employer for about 3 years and took a job with a start up back in March. I asked about paternity leave because my wife and I were thinking about trying for our first. The recruiter said they didn't have anything but it was on the Q2 road map (goal of May). Now we are in mid June, my wife is 9 weeks pregnant and this still hasn't been finalized and shared with the employees. Furthermore, we had an all hands call and the CEO said that the company was going to freeze hiring in an effort to curb expenses. Being home with my wife during the first four weeks is extremely important. Being with her for 8-12 weeks would be ideal. The other thing here is the company is full time remote which does help to an extent. My questions are: Would you bring this up to HR if you were in my shoes and how? Would you look for another job if this isn't done by say end of July? If you would look for another job, how and when in the interview process would you convey that you are expecting Not looking to be bashed for taking a new gig when I knew a child was a possibility Happy to answer any questions that might make it easier to give me feedback. Thanks, David

Continuing to add to fast.

I think DASH has a chance, albeit a small one of being next.

Interesting to see them adding a bank in this case.

Also, keep in mind (I know this is obvious to some) that these holdings are as of 3/31 and the market has moved quite a bit since than.

I don't but based on what I have seen can confidently say the past two years at least have been rather rough.

BROS

I know Buffett is pretty old but as I'm watching this it sounds like he keeps smacking his lips like he has dry mouth or something. Anyone else noticing this?

I don't think any responsible adult is counting on social security. It's a bonus but shouldn't be that's all.

Trimmed about 30% of my SMAR position

Probably just wanted to copy Warren

According to this article https://yalehealth.yale.edu/yale-covid-19-vaccine-program/who-should-and-shouldnt-get-covid-19-vaccine the only folks who shouldn't get vaccinated are those who might be allergic to one of the ingredients. Not sure what % of the population meets this criteria.

The other point that I think is relevant here is obesity. The article below indicates that the risk of death from Covid-19 is about 10 times higher in countries where most of the population is overweight. While I am admittedly one of the dumbest people on this forum the numbers seem to indicate that if you are younger than 40/50 and not overweight you are most likely not going to die from covid. Again, Covid sucks and I hope everyone stays safe. It just isn't sound logic to infer that people should get a vaccine if it doesn't benefit them. I think there's a cohort of folks here who seem to think everyone should be vaccinated and I don't understand the reasoning. https://www.cnn.com/2021/03/04/health/obesity-covid-death-rate-intl/index.html