posted on Jan, 24 2009 @ 03:27 AM
I agree with everyone who's suggested a good, trustworthy money manager. Maybe even two from different firms just to get a second opinion and see if
their suggestions jive (obviously if one says "invest in the Euro" and the other says "Absolutely do NOT invest in the Euro" a warning flag should
go up that one of them may not be on the up & up.)
Aside from that, it also has to depend on what this money represents to them. If it's their retirement fund and represents a huge chunk of all they
have, then clearly whatever decision they make will have huge ramifications for their future. If, however, they are well off and this is just a
portion of a larger portfolio, then maybe it would be a bold move for them to take a bigger risk as it could lead to a bigger payoff to them down the
One thing for sure, I'd suggest they get out of the pound. That currency has been dying a slow death since the Euro has risen to prominence.