to think that my brother is taking the piss?

[is2022]

My mother has quite a large sum of money in her account, several hundred thousand Euros (she lived abroad). This is not to brag, but relevant to what's happening. Basically my brother made a contract with her and convinced her to transfer the money to his account. He will invest the money for her and pay her back monthly over a couple of years. He will take 50 % of the profit.

Now technically I agree on investing the money, as my mother will lose money with inflation if the money just sits in the bank.

I just think taking 50 % of the profit for himself is taking the piss. Maybe it would be fair to take 10 %, but definitely not 50 %. Especially since investing money isn't actually rocket science (I have an app that does it for me, although I invest much less money).

I think the majority of the profit should go to my mother and my brother shouldn't get 50 %.

AIBU?

I think your mum is a fool as she will be footing all the loses! I doubt she will see much of the money back.

What happens if it makes a loss? I don't know if 50% is unreasonable. It seems high to me but if your mum agreed what can you do.

I am not sure what will happen if she makes a loss. I haven't read the full contract (I have two children under 2, so very busy).

I think she is confident that her investments will rise over time.

I argued that in my opinion investing her money in real estate would be safer, but she didn't listen to me.

Oh dear. Wave it goodbye now.

I’d be less concerned about him taking 50% and more concerned that he might be scamming her out of much more of her money!

I am concerned about this as well, but she doesn't listen to me.

I hope he hasn't invested in crypto currencies! Sounds like madness to me - I bet before long she will be "investing" in his new house and car.

I think the 50% of profit is less of an issue than whether she sees her money again at all.

The value of investments can go down as well as up.

I'm assuming that your mother is aware of this? What happens if he loses part or all of her money in some investment scam?

I don’t think 50% of the profit is unreasonable, without your brother doing this for her the moneys just sat in her bank account, she also has a lot of money so is helping her son out in a way.
I would be more worried about her losing money or the fact that he could just be keeping some of the money for himself.

What if something happens to your mum? You’ll lose your share of the inheritance.

Following on from previous message - what if something happens to your brother? Does he have a will? Who will inherit any money he has - if he has a wife it won't be your mum!

What are his qualifications. Is he a professional investment manager?