Right now it is a mish mash... I'd say 30% is in one mutual fund that isn't doing much in terms of cap gains or divvies -- that has to go... 100 shares of AAPL he bought in the $30s -- I know they are starting a divvy, but may be too low yield... not much in way of fixed income assets at all... yeah, I think he is looking for 4%-5% which should be achievable, but is insistent on no more than 5-6 stocks -- for some reason he thinks that will be easier to deal with... he is the type who is only comfortable calling a "broker" with instructions vs. managing his own PF/acct. online... in fact today, he called to tell me he "couldn't get online because he forgot his computer password." After some back and forth, the translation: he couldn't log into Yahoo's email and financial section (where he tracks his PF) because he forgot the Yahoo password and still thinks that Yahoo is an application -- the way he initially phrased it, I thought he couldn't boot/login to his computer because of a lost password... let's just say he isn't very comfortable using computers.
Thx for the input -- I'm definitely going to give him a list of sectors/types, i.e., ute, MLP, REIT, etc., and then 3 or so choices within each sector/type and make him choose.
Best,
Jim |
