asking a friend/relative to invest for you is kinda a dick move. an individual portfolio is always going to be somewhat artisanal compared to a robotic "dump everything in wealthfront or a vanguard target thing" (bc otherwise u wouldn't actually need the friend)
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when offering your friend/relative money "hey i trust you here's some money" it's not doing someone a favor it's being a burden b/c it's asking them to actively manage funds and track returns
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let's say i have a portfolio of randomly buying 10k of stocks, 10k of crypto, 10k of bonds, and 10k of cash and just sorta eyeball rebalance as it makes sense to me. what would i do with 1k extra money? how would i track the returns?
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if i have 50 assets i'm not going to split 1k and buy 20 dollars worth of bitcoin, tesla, gamestock, etc.. the most i can do is roughly calculate the average return and give you some money back.
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but that 1k probably would never have deployed since it's so small compared to the main portfolio. i'd basically have a 11k cash buffer instead of 10k cash buffer. that's the "value add" that's exchanged for having the responsibility/risk/pressure of managing someone's money
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