And he said I should managed the investment for him and I told him that he should used one of his trusted children but I can only be a mentor, guidance and adviser to him and not to manage the investment for him. And I will introduce the DCA method of investment for him since he depends on the monthly stipend of the church. My problem here is, the time he is planning for his retirement investment is too close. It is just few months to his retirement and that is when he is serious about it. What was his plan for all these years in active service?
Your input can help this man through me.
In my point here I guess it's not ideal at all you will manage the asset of other people because in the first place the market is volatile so what's your reason if you lose most of his money possible they will accept the reason but not all the time this happens for your safety too as possible let them make the move to invest and handle, you can give an opinion but you can let them decide where to invest we got too much knowledge and they trusted us but of course not as always the market is on with us sometimes it's your friend and sometimes it's not.
Even though it's never been told late to make an investment but make sure there's an agreement between you and not just a verbal thing money still valuables to the people and they afraid to lose it at all.