Let's say you have some money and a lot of friends/acquaintances asking you to invest in their projects and businesses, but they're all in industries you know absolutely nothing about. What do?

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Anonymous Sun Feb 16 15:37:47 2020 No.17282285 [Reply] [Original]

Let's say you have some money and a lot of friends/acquaintances asking you to invest in their projects and businesses, but they're all in industries you know absolutely nothing about. What do?

>>	Anonymous Sun Feb 16 15:40:48 2020 No.17282332 ride out crypto first

>>	Anonymous Sun Feb 16 15:41:33 2020 No.17282345 don't invest?

Anonymous Sun Feb 16 16:04:20 2020 No.17282717

Say something like
>oh well that does sound great John, but currently I got my funds locked in roth IRA earning 6% plus libor with the tax advantage for the 3 year hold, then I got some in good ol S&P500 hedged with options expiring on June 2022 since that gives me a tax deduction of 15% on the multiples of PE earnings

>>	Anonymous Sun Feb 16 16:07:37 2020 No.17282770 >>17282285 Tell them your linkies stay super stinky and youll never sell wtf else would you say

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/biz/ - Business & Finance