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Disagreements with my best friend.?
02-28-2013, 01:31 PM
Post: #1
Disagreements with my best friend.?
I work with investments which mainly focuses on stocks. It all started out with buying Facebook stock. I invest in things I can understand and quantify. Before FB went public I didn't want to buy it because I told him that I don't understand a lot about social media websites. However he urged me to look into buying it and convinced me after 3 weeks. As my best friend I took his advice into consideration.

I bought a few shares of stock as a test run. After two weeks or so I told him I bought it and he got mad at me. He said, "Why wouldn't you counsel with me or talk to me about buying it"? In my opinion I told him it's my money therefore I believe I should be able to invest when I want. He believes since he convinced me, he also wanted to know the exact day I bought it instead of two weeks later . In addition he mentioned that as a moral obligation to a friend I should have told him. I told him that is not an obligation that is control.

I trust the guy a lot. However when it comes to investing not at all because he doesn't do any research. He reads blog post and after that thinks he is an expert in it. Instead he just goes with feelings. In my opinion that is gambling if you are going off feelings. He said, "I can time the market, but I ask him how do you quantify timing the market"? He doesn't have an answer for it.

On more occasions than one he brings up the FB incident a lot. I believe it's something that is really bothering him and I try to talk to him about it but he just keeps saying you went behind my back. It makes me feel horrible because he is my best friend. I always thought why does someone have to tell another person when they are buying something? It's not my concern because it's their money, they earned it and I have no right to tell them how to spend/buy/invest. I can only give them advice and if they take it than great if not no big deal.

Maybe I'm wrong and he is right. The more I think about my actions and try to examine/reevaluate I guess I could be wrong. I'm not seeing it from his point of view. Sometimes I wonder why is he telling me how to invest my money. It's my money shouldn't I be the one to make my own choices? It's ironic because he is in debt, has never had more than $1000 in his savings, believes an Ipad 3 is an investment but when, "I asked how does it return your money"? He says, "Cause my laptop is broken," and this is the guy telling me how to invest my money.

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02-28-2013, 01:35 PM
Post: #2
 
He knows he's not as good with investments as you and feels sort of insecure about it, so just leave the
financial stuff out of your friendship and while you are at it, did you ever stop and consider the attributes
and qualifications a person needs to be a best friend? He may be lacking a few.

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