How to deflect friends interest in your money/trading

[Steve Alexander]

what do you tell people close to you who might make less money and,

1) want a few of your profitable trade signals for free or a split of the profits
2) give you some of their money to get a better return for them

spent years studying the markets and from their standpoint it seems rude to not to throw a "few crumbs" (when it's essentially zero cost to share signals) their way or help them out financially

am i being rude ?

it's not that i dont want to help out in other ways (eg charity), but why should i dedicate years of my life to discovering the location of a gold treasure, and then have friends at the last minute offer to lift it out

is it like lottery winner's friends who believe they deserve a cut for being a friend ?

Not a problem for me, as I tweet all my trades BEFORE I make them. Anyone is free to follow me @RandomFour. Currently, my annual profit rate is about 60%.

 

[timdug]

The only response worth reading at all here. Thank you Sprout.

About 30% of my friends are interested in how I make money and more so the amount I put at risk daily or monthly. None ask me to give them signals. If people ask me for tips, I tell them some obvious long hold equities but if it comes to futures intraday trading I tell them that it’s a 2year commitment to get to the level that they think they need to be at and that’s it. Most of the time though I tell people that I don’t make trade recommendations. I only analyze what is happening and what may happen.
I do believe that if you really have someone close to you that is interested, teaching to fish would be the better option.

Prosperity not shared with family and true friends is empty and hollow. It’s pale in comparison to true prosperity. True prosperity is elevating to everyone within your circle of influence.

Most likely what you are perceiving in others are a reflection of that within yourself that you do not appreciate.

Making an offer of teaching how to fish rather than giving out fishes allows for self-selection and self-screening.

Paying it forward provides an experience of a durable fulfillment beyond the simple accumulation of money and material possessions can offer.

 

[MattZ]

am i being rude ?

No. You are not. You have the right to share or not share your ideas. My experience has shown that when you share idea they will find "creative" ways to trade it on their terms anyway.