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Anybody else have friends who are financial "advisors"?
Posted on 7/30/15 at 11:09 pm
Posted on 7/30/15 at 11:09 pm
Who have gotten mad as you for not automatically moving all of your money over to them?
It's unbelievable. This guy who I went to college with and have known for 18 years is now all b- hurt because I won't move my money over to him. Keep in mind, he has been doing this all of 5 months and its the 3rd job in a different industry since he has gotten out of the military. I mean I want to help the guy but he just expects it and is acting like a child.
It's unbelievable. This guy who I went to college with and have known for 18 years is now all b- hurt because I won't move my money over to him. Keep in mind, he has been doing this all of 5 months and its the 3rd job in a different industry since he has gotten out of the military. I mean I want to help the guy but he just expects it and is acting like a child.
This post was edited on 7/30/15 at 11:14 pm
15
Posted on 7/30/15 at 11:15 pm to Serraneaux
point out to him that he's too emotional to be handling your financial future.
Posted on 7/30/15 at 11:17 pm to Serraneaux
Eff him. It's your money.
Posted on 7/30/15 at 11:20 pm to Serraneaux
And that's when you take all your money and leave.
Posted on 7/30/15 at 11:21 pm to Serraneaux
I've had a couple yeah. I just tell them I don't mix business with close friends.
Posted on 7/30/15 at 11:24 pm to Serraneaux
Why do you hate veterans, bro?
Posted on 7/30/15 at 11:27 pm to UMRealist
I had my Series 7 and have probably about 10 more years experience than him In related industries, Plus I know way more about business and can actually decipher financial statements and earnings reports. All he is doing is pumping stuff from his corporate with no real knowledge of things, Like I said, I feel bad but it's annoying the shite out of me. I finally had to tell him if he wants my business he has to come out, straight up and ask directly instead of pussyfooting around. Or at least offer to say do a few thousand and track my performance, etc.
Posted on 7/30/15 at 11:29 pm to Robert Goulet
He is all over the place and that's just him. I will bet 1k he is doing something else in 2 years. He honestly wants stuff handed to him. He was doing real estate before.
Posted on 7/30/15 at 11:35 pm to Serraneaux
I'm only joshing. i don't think that friendships and business usually mix well.
Posted on 7/30/15 at 11:44 pm to Serraneaux
I make it policy (and a well known one) that I dont do business with friends or family. Too much shite can take place that damages relationships.
Stuff like hiring your wifes best friend as your real estate agent etc. Thats stupid.
Stuff like hiring your wifes best friend as your real estate agent etc. Thats stupid.
Posted on 7/30/15 at 11:50 pm to Pavoloco83
Don't even get me started on real estate agents
Posted on 7/31/15 at 7:09 am to Serraneaux
quote:
Who have gotten mad as you for not automatically moving all of your money over to them?
Such a friend … is not a friend.
Posted on 7/31/15 at 7:27 am to Serraneaux
Ask if he's willing to sign a contract agreeing to act as your fiduciary and see if he still wants you to
Posted on 7/31/15 at 7:59 am to Pavoloco83
quote:
I make it policy (and a well known one) that I dont do business with friends or family. Too much shite can take place that damages relationships.
Same here.
Posted on 7/31/15 at 8:30 am to Serraneaux
No, but I don't mix up friends and family in business with one exception, and that is if they are really good at what they do. I also don't expect a friends and family discount, business is business.
Posted on 7/31/15 at 8:45 am to Serraneaux
A friend's a friend until money's involved, then that friendship is quickly dissolved.
Posted on 7/31/15 at 8:46 am to Serraneaux
One of my former roommates and groomsmen is an ace accountant and does my taxes dirt cheap for me. Gets me more money back than Turbo Tax.
Posted on 7/31/15 at 8:47 am to Serraneaux
My grandpa told me the day I graduated college to never solicit business from family and friends. If they come to you, fine, but never put them in the position to tell you no and hurt your feelings.
Some of the best advice I've ever gotten.
Some of the best advice I've ever gotten.
Posted on 7/31/15 at 9:07 am to Serraneaux
Don't have a friend that has done that but a neighbor. Wife and I purchased a home and moved into it in November. Within 2 weeks a neighbor who is financial advisor from 3 houses down comes to my house to try to get my business. I told him in December of 2015 get back with me as I'll know more of how much I can start investing.
He calls me a month later and I tell him in December 2015 I'll be ready and I'll come by his house since he lives 3 houses down. He acts like coming by his house would bother him and tells me come by his office. But yet he didn't mind coming by my house and bothering me.
He has called or left a flier on my door every other month.
He calls me a month later and I tell him in December 2015 I'll be ready and I'll come by his house since he lives 3 houses down. He acts like coming by his house would bother him and tells me come by his office. But yet he didn't mind coming by my house and bothering me.
He has called or left a flier on my door every other month.
This post was edited on 7/31/15 at 9:10 am
Posted on 7/31/15 at 11:08 am to safety_man
He'd automatically lose my business if that's the way he went about things. Once or twice after the fact is understandable. If it gets to the point where I feel like you're badgering me, I'll let it be known that it's best that you look for a different client. A healthy persistence is one thing. If they come off as annoying or needy, the ties get cut immediately. I can't stand that.
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