Should I invest this?
- Thread starter tonyzhou
- Start date
Your concern is also mine. 50% DD twice is a big problem.
My friend told me that he leaned from that two 50% DD a lot.
I do like the fact that he's running well this year. See the performance in the attachment. So I told him that I need to decide it later and let him update his performance to me 3 months later.
What do you think? Give him the chance , or that two 50% DD should be an auto reject?
By the way, I was told that the glitch at the beginning of the chart is due to a thin traded stock, but that is an alarm to me too.
My friend told me that he leaned from that two 50% DD a lot.
I do like the fact that he's running well this year. See the performance in the attachment. So I told him that I need to decide it later and let him update his performance to me 3 months later.
What do you think? Give him the chance , or that two 50% DD should be an auto reject?
By the way, I was told that the glitch at the beginning of the chart is due to a thin traded stock, but that is an alarm to me too.
I'm glad your friend says he learned from his 50% DD, but... you have to separate your friendship from your investment decisions.
- If this was a *close* friend of mine, I'd tell him not to waste his time pitching me. He can still keep me on his contact/distribution list, but I'm not likely to invest in the next 2-3 years.
- If this wasn't a close friend of mine, I'd tell him sorry, I'm just not interested.
I was very, very, very careful in accepting any money from my friends. I personally think the standard for investing in a friend should be HIGHER than the standard for investing in a stranger. I can't think of a better way to ruin a friendship then to mislead a friend (while making money off of him!).
- If this was a *close* friend of mine, I'd tell him not to waste his time pitching me. He can still keep me on his contact/distribution list, but I'm not likely to invest in the next 2-3 years.
- If this wasn't a close friend of mine, I'd tell him sorry, I'm just not interested.
I was very, very, very careful in accepting any money from my friends. I personally think the standard for investing in a friend should be HIGHER than the standard for investing in a stranger. I can't think of a better way to ruin a friendship then to mislead a friend (while making money off of him!).
I think that is trash, with no offense to your friend.
He has $400K. Why does he want/need your $100K? I question your friend's judgment of making an offer to a "friend" who needs to sound out the decision on a message board full of pikers and wannabes who most likely have never seen $100K in an account in their lives.
Are you sure he has the $400K and that it's all his money? If he does and it is, maybe he's gay and wants to start a "partnership" with you for reasons unrelated to money. Or maybe you are liquid for millions and he sees $100K as a test run for a much larger investment later. It doesn't make much sense that he would make such an offer if he knows what he's doing. There is not a hell of a lot of difference between trading $400K and $500K even without a profit split. (Think daily 5-figure equity moves.)
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