So I was talking to a family member, who knows that I blog on personal finance, but doesn’t as far as I’m aware, know the name of my site. She wanted to know if I would manage her investment choices for her.
At the moment she’s letting (or planning to let) a friend do it – I’m not sure how this works in practice. I’m not
exactly remotely a professional financial advisor, which I reiterated several times.
The reason that she’s letting this friend choose her investments is that the friend is so passionate about her funds, checking their performance regularly and making sure they’re in the top few performers.
This isn’t exactly my style. I’m into boring index funds, and returning an average performance. I tried to explain this to my relative, but I don’t think that she gets it. I think she thought that since I’m so enthusiastic about personal finance blogging, that I’d relish the opportunity to manage her funds. This couldn’t be further from the truth.
I think she was pretty disappointed, and we’re going to discuss it some more at the weekend.
Does anyone have any suggestions for me?
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