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My 53 year old brother has irritable bowl syndrome and type two diabetes. Is very over overweight. He said to invest his trust money NOT for growth except a little bit. But for preservation. Invest like he is 70 years old. The funds he picked will produce 4 percent total return. Just enough to get past a 3 percent inflation rate.

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The 4% rule is a good one, Barb.
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Yeah...been investing for some time...never heard of any guarantee of 15% back by the government or any other.

Name that program...or fund.
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What are the government backed programs at 15 percent?
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Why are you investing at a 4% interest rate. There are guaranteed government back programs at 15%. At 4% you are almost matching inflation and a service fee.
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Hadnuff, your brother is now wanting to play it safe with his investments, because if the stock market goes down, he feels it would take too many year to recoup what he had in his portfolio.

I know back when 9/11 happened, a lot of seniors lost half of their retirement, including myself.   It has taken a decade or more to bring one's portfolio back up to what it was the day before 9/11.   Yikes, talk about stress.   Now I have less risk stocks now that I am 70 years old.   No more just playing the market and hope for a winner. 
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You do not have to pay for your brother. There are government programs that will pay for your brother's care.
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Everyone has their own investing style and comfort level with risk. Why don't you compromise and do a little of both?
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