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90yo investing

Investment discussion for beginners. Why you should invest your money, get help getting started
SuperGran
Posts: 2
Joined: October 27th, 2018, 12:04 pm

90yo investing

#176553

Postby SuperGran » October 27th, 2018, 12:14 pm

Hi all

My 90 year old Dad has a wide ranging portfolio of investments, however he's becoming increasingly blase about returns/dividends and has asked me to sort out his next investment about to mature.

It's a Britannia bond and the account balance will be just under £89k. The maturity options if reinvested are: 1 year - 1.75%, 2 years - 1.87%, 3 years - 2.03%.

I understand that his other investments provide annual dividends but some are longer term than others. Now he could snuff it next week (had a couple of wobbly/forgetful moments recently) or he could live another 10 years.

What would you suggest? I'll try to provide further information if needed.

TIA

SuperGran

JohnB
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Re: 90yo investing

#176561

Postby JohnB » October 27th, 2018, 12:43 pm

My principle with my 89yo mum is not to try and educate her on anything clever or different, but punt the problem down the track as far as possible, so I'd go for a 3 year bond.

PinkDalek
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Re: 90yo investing

#176571

Postby PinkDalek » October 27th, 2018, 2:26 pm

Welcome to The Lemon Fool.

SuperGran wrote:Now he could snuff it next week (had a couple of wobbly/forgetful moments recently) or he could live another 10 years.


Not what you are asking but is there an Enduring power of attorney in force?:

https://www.gov.uk/enduring-power-attorney-duties

If not, he may wish to consider a Lasting power of attorney:

https://www.gov.uk/power-of-attorney

If you wish to delve into this in more depth, it is probably best over at:

Legal Issues (Practical) viewforum.php?f=2

tjh290633
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Re: 90yo investing

#176629

Postby tjh290633 » October 27th, 2018, 7:32 pm

With those yields, I would go for an Investment Trust instead. City of London CTY for a start. There are plenty to choose from. Use an ISA if possible.

TJH


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