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92 sats \ 1 reply \ @Bell_curve 27 Dec \ on: "Bitcoin is not appropriate for an 80 year old" (part 2) Stacker_Stocks
10 percent allocation is fine for your father in law
I would even go as high as 50 percent
good call on making your wife or sister the treasurer and you are the advisor, de facto
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11 sats \ 0 replies \ @grayruby OP 27 Dec
He has money set aside for the grandkids to go towards their education or their first home. His kids don't really need money everyone is doing just fine, so he is really in wealth preservation mode and I want to protect against a health outcome where he would need more care than his daughter can provide and needed to sell Bitcoin at the wrong time. Wouldn't want him to have to sell a couple years down the road during a bear market. Hopefully that doesn't happen but it's a potential outcome for an 80 year old.
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