Not a nice storey but could be ''rewarding''And the storey:
The old man have ''spare cash'' and want to make distribution before the ''exit'' day
He is 84+ and want to make donation to his grand children while his beloved wife is suffering from the Alhzeimer desease at an advance stage and the old man is enduring but want to ''distribute'' before the ''exit day''
What he did a couple months ago:
- Open a Bank account and a TFSA to his older daughter where he have access to trade on his behalf,
His youngest daughter was ''kill'' by the breast cancer at 46 and leaving 2 children .
So distribution is going this way
-50 % to my healthy daughter
-50% to the 2 children of my younger daughter
They are 21 an 20 year old !
What I'm planning :
: Do the same thing with my 2 grand children of my younger daughter.
The old man have 2 possibilities
Or to buy a 5 year CPG at 4,9 % or invest the equivalent in AQN because in 2027 AQN share price should improved !
Time is of the esence and the ''OLD MAN'' will follow the outcome very far away !
What would be your advice ?