so 6 stocks of $25,000 each. Do they need the income? iow where is it coming from and what was it paying? If its CD's well you wont have to replace much maybe one high yielder replaces it all. If its a called bond that paid 6% well now your stretching. Finally just becasue they said 5 or 6 doesnt meant you cant offer 7 with a plan. once you figured out what they need, I'd have a plan to get them that.
If it were my dad, assuming he was reasonable about the income requirment of say 4%, I'd go with 10 stocks @ 15,000 each. if he says he only wants 5, I'd say "pick 5 from here" Then your mostly off the hook. |
