immagine del profilo
If it's grandma and she's never had anything to do with shares, I would urge caution!
Not everyone can cope with a 50 or 60% slump, as stocks have already had a few times. The stress level often rises to such an extent that beginners sell at the lowest point and never want to talk about it again.

Ergo: a pure equity ETF solution is not for grandma because of the vola. An allocation with lower volatility would be better, e.g. Ray Dalio's all-weather portfolio. It rises less, but almost always. It's much more relaxed for Grandma. And ultimately for you too.
6
immagine del profilo
@Epi How did you come up with grandma?
2
immagine del profilo
@DusselDuck Sorry. Mother-in-law always makes me think of grandma... You're right. But the factual point remains the same.
2
@Epi Good point, but she can cope with that. She already has "safe investments", so it's not really about risk diversification. On the subject of grandma, unfortunately she still has to be patient for a grandchild. 😂
1