I realise noone can give specific financial advice and I will preface this by saying that the replies in the thread will be used for general education and ideas to explore deeper only and noone is going to go out and immediately jump into any suggestions without researching further first. All input welcome and appreciated though.
I'm after some advice for my mum please. She is early 60s and works a few days a week, owns her home but in one of those villages so doesn't own the land as such and has to pay the fees, but for her it is a lifestyle choice and allows her to live somewhere she likes and is secure and close to friends & family, and it's a nice place.
Mum has received financial advice from a financial advisor her sister uses, and has some cash reserve but the majority of her retirement savings in super is now in shares. Last year her stress levels were through the roof through the Covid dips, and now is fortunate that with the current market prices the loss in value has bounced back. However this is mum's first time into shares really and I don't think the daily fluctuations or stress are really worth it for her and perhaps now with the money back and not having to lock in any losses, I feel it might be a good opportunity to explore the idea of her selling out of shares and putting the money somewhere else instead given her age. I am not sure of how much there is but I think it's around 150k.
Given interest rates are super low and you would be lucky to make 1%, are there any better places to put the money in anyone here's opinion, or is she better off riding the wave and hoping that these current market prices aren't highly overinflated and speculative given there is still an accelerating pandemic which is my concern and just keeping it in shares and all the stress that also goes with that?
All replies appreciated thank you.