Do you give friends/family trading advice when asked?

Discussion in 'Trading' started by Sanjuro, Jan 9, 2004.

  1. Save your money.

    I just saved you $150 or so, so I guess, so you owe me 10%, OK. Just kidding, unless you did not get it...
    #11     Jan 9, 2004
  2. I give advice appropriate to my audience.

    Typically I tell my investment ignorant friends/family to put/keep their IRA with Vanguard. Then I may direct them to a very diversified Vanguard family fund appropriate for them, at that time - preferably something they don't need to reallocate but once every couple years or so.

    Obviously I don't trade w/ Vanguard.

    I would never recommend anyone attempt to do what I do as there is simply too much upfront cash and mental tuition. And I wouldn't even begin trying to explain what I do to a neophyte.

    #12     Jan 9, 2004
  3. bobcathy1

    bobcathy1 Guest

    I get asked all the time. Only my sister follows my advice. And she is the only one who made money.:)

    She is not a day trader like me, but doesn't mind moving Mutual Funds around 4 times a year in her 401K.
    #13     Jan 10, 2004
  4. yes. i tell everyone what to do on every other issue why would i stop here? :-/
    #14     Jan 10, 2004
  5. Sahmi


    I only share my opinion of the market, when somebody asks me...
    i never give any advice to buy or sell anything...
    So far, that works for me and my friends.
    #15     Jan 10, 2004
  6. Ok is the site using the trix indicator as its main indicator? I didnt see it if it did mention it. I also like the trix indicator but for swinging only. You can of course get it free at as well
    #16     Jan 10, 2004
  7. I advise them not to ask people for advice..

    of course, they persist.. "i wont hold you to it.. but is there anything you think might be particularly hot right now?"

    and then i recommend a good investing book..


    btw.. for those who havent learned the hard way.. "i wont hold you to it" means "i will never forgive you if this doesnt work"..
    #17     Jan 10, 2004
  8. dgmodel

    dgmodel Guest

    i do not advise any of them on anything simply state my opinion when asked...
    #18     Jan 10, 2004
  9. I tried to give my family advice but they balked at the fees.
    #19     Jan 10, 2004
  10. BSAM


    Yeah...this is the best advice. Then again, if they're asking, they may not know what a stop is.:eek:
    #20     Jan 10, 2004