Parents funds..what to do?
To me the 40% in mutual fund seems like more risk than an 82 yr old should be taking...even though they don't need the returns...the capital drop the last week or so can attest to that.
GIC = buried in backyard or stuck in a mattress IMHO, but at least there is no risk to the capital and it will be simply drawn out over their remaining years of their lives.
Is 100% GIC the way to go here? Thanks in advance for any and all thoughts.