Do you give friends/family trading advice when asked?

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.

 
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.
 
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.
 
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..

-qwik

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"..
 
Quote from Sanjuro:

I would like to know how some fellow traders do about
friends or family members asking for advice on a particular
stock or market.
More...

i do not advise any of them on anything simply state my opinion when asked...
 
Quote from lescor:

I just say that I have no idea what the market or a stock is going to do. The only advice I give is to always use a stop.
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Yeah...this is the best advice. Then again, if they're asking, they may not know what a stop is.:eek:
 
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