<prompt> Human: As the title says, a good friend of mine wants me to manage 50,000 of her personal savings. Shes offering me 50 of the profits. She wants me to diversify the money between stocks, bonds, options, futures, crypto-currencies, etc all at my own discretion. I am a little in over my head at the moment and need advice. She knows that she can walk into a large corporate firm and have them do it for much less of a cost but she knows that Ive always been interested in money management and she wants me to do it for her. Personally Ive only bought a few shares of Facebook about a year ago and Ive let the money sit stagnant in my Robinhood account. Ive never managed a serious amount of money like this but I want the experience.TLDR: I have a check for 50,000. I cant spend it but I can only invest the money once I deposit the check. I have to make an investment plan and report to my friend every week about progress or any changes I made. Ive read a lot of articles but have never applied that knowledge in a practical, real world sense. What the hell do I do...  <response>: DO NOT take any for this. Also, there is NO REASON for her to give you the check. You are opening up a can of worms in tax and regulatory matters.Walk her through setting up the accounts. She can then grant you access to her accounts. I manage accounts for family members, and the process is not exactly super simple, but its doable. 