Mommy gets a deposit for Christmas.

Age: 60

Financial knowledge: zero

Interest in the topic: zero

Tax residency: Germany

Savings rate: 100 € per month

The custody account is to contain starting capital and savings plans and would probably be fed by me with €100 per month.

But how can I sensibly structure a custody account with such a short investment horizon? Because we already know that mommy will have a large pension gap and so far nothing has been done about it...

My original ideas were:

a) 100% $VWRL (+0.16%) alternative an ACWI

or

b) 50% $VUSA (+0.34%) or MSCI USA

35-40% $WEXU (-0.02%) ( MSCI World ex USA)

10-15% $VFEM (-0.32%) or $EIMI (-0.29%)

But if you now think about the short investment horizon and the pension gap, perhaps something like the following would make more sense:

c) 50% $HMWO (+0.2%) or $WEXU (-0.02%) but this is only available on an accumulating basis

50% $JEPQ (+0.64%)

What do the professionals among you say? Has anyone tackled a similar situation? What are your ideas and suggestions?