Investment Advice

I met up with a friend this weekend along with a group of his friends who I didn’t really know. When they found out that I write about money matters and personal finance, I received the question that I almost always receive: “So, do you have any hot investing tips?”

Now I know what they are looking for. They think that I might have an inside track on some company and that I will let them know which stock to buy. I also know that if I tell the truth on the best investments they can make, they will look at me like I’m a bit nuts. So in that instant I have to decide which type of mood I’m in and either brush off the question and move the conversation onto something


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4 Responses to Investment Advice

  1. Mike says:

    Why don’t you tell them something like domain names or adsense websites?

  2. prlinkbiz says:

    The problem in “throwing friends a bone”, whether in stocks or an area I’m more familiar with, real estate, is this: they haven’t taken the time to educate themselves. What this creates is someone who knows enough to be dangerous, unless they put in some effort to understand. While investing itself may not be sexy, making money is !(Which is what makes saving sexy lol)

  3. Aleta says:

    A few years ago, I heard the same advice about saving on the everyday stuff. I took it a bit further. I came to realize that most of the purchases are taxed. In my state, that is 7%. I tend to buy taxable items in bulk and use yes coupons. I also use Buy 1 Get 1 Free. I see that as not only getting a 10 or 20% back but also 7% on the taxable stuff.

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