Good advice?

January 16, 2008

When friends ask me for advices, I generally tell them to buy index funds.

However, when my sister in law asked me about investing, I gave her a different suggestion.

I had started by telling her to buy index funds, while asking her risk tolerance/aversion, expectations etc.

After she told me what she wanted:

1. Low Risk
2. Short term (1 yr)
3. High returns (4% CD wasn’t enough for her)
4. No taxes

I changed my suggestion to:

“Go to Las Vegas and put everything on black”

Posted in Finances, Lifestyle