Family Picnic. You’re Selling What? Family, Friend, Or Customer? Both?

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Here you are and in your ear you’re hearing how you can get a great deal. Her sister’s now able to pull a better deal on x, y, z, and it would really help….  Good luck. You’ve entered confusion and crossfire.  Layering family, or friends, or in-laws, and money?  As if nothing could go wrong there.  Ask Scott Pruitt about weasel deals.  A used mattress?

QUANTUM

MECHANICS PROVIDES THE EASIEST WAY TO BE IN TWO PLACES SIMULTANEOUSLY.  SUCH DUAL-PLACEMENT REALITY IS RARE.  FOR EXAMPLE;  IN BUSINESS ONE IS EITHER THE BUSINESS OR THE CUSTOMER, EVEN IF IN DEGREE.   ANY QUESTION THERE IS UTTERLY CLEARED UP BY WATCHING THE MONEY DIRECTION.  EXAMPLE; YOU CAN HAVE FRIENDS, BUT YOU CAN’T DO BUSINESS WITH THEM.  ANY QUESTION THERE IS UTTERLY CLEARED UP AS NOTED ABOVE. 

 

 

Exceptions of degree exist, except in  investing.

 

 

LAYERING OF SOCIAL COMPLEXITIES ATOP BUSINESS IS KNOWN AS COMPLEXITY.  THE FOCUS OF GOOD BUSINESS IS CLARITY.  IF IT’S TRULY SOCIAL THAN NO “CHARGES” WOULD APPEAR.  PEOPLE DO NOT SELL GOODS AND SERVICES AS A FAVOR.  HOW MUCH MORE DIRECT COULD IT BE?  IF THE DEAL INVOLVES YOUR MONEY ITS BUSINESS.  MONEY DIRECTION.  

 

 

 

people, businessman
Yes, we know.  He’s your father-in-law, “self-made man,” former head of his own managed fund, that now trades like a 777 cleared for landing.  You could at least buy some.  For God’s sake–he’s family.  He gave us those 5 shares as a wedding gift–how’s that going to look?  It’s our retirement money.  Don’t you trust him?  Ah, right.  Will he hold my hand–I mean after impact, you know, as the smoke clears on our near empty account?  Greedy Creep.  For God’s sake, he’s family.

 

 

 

 America’s accelerating straight into potato salad season; “how you been, how’s work, we’re now…”  How about this one, from say your nephew;

“Elite status–round the clock indigenous text support.  You’ll have direct access to all the hot Bolivian IPOs, and extended hours trading in Araguaya.”

“Is that a market, or a river?”

“It’s pure and natural–an organic mutual fund and a trading platform hand-supported by abacus–named after a river, with fees below 9.25%, but those will come down.  Fees are for the fund not the platform.

 

 

 Tips from friends or family that involve investing create unwanted complexity.  Money is inescapably emotional.  Failed investments present at least two very ugly truths to the investor; lost money, and the weight being yours.  How complicating is it when you dodged, leaving your money choice to others?

 

IF YOU’RE PAYING THE SAME PRICE, CHARGES, LOADS, ACCOUNT MANAGEMENT AND MAINTENANCE FEES, YOU’RE NOT A FRIEND.  YOU’RE A CUSTOMER.  NO?  LOCATE PRECISELY WHERE YOUR FRIENDSHIP IS VISIBLE.  IF THE SOURCE LAYS OUTSIDE THE DEAL, YOU’RE A CUSTOMER WITH A PROMISE.  ASK FOR A FEE BREAK, AND AN EXCLUSION TO FRONT END LOADS.  NOW YOU KNOW FOR SURE.  BUSINESS IS BUSINESS.  BUSINESS IS NOT FRIENDSHIP.  NEVER WAS.

 

 

Friends do not do business.  By definition, business only involves buyers and sellers.  When business begins, all friendship is tacitly dislocated. People do not “do business” with you because you are their friend.  You may be included on that basis.  But when business begins you become a customer.

Investing is too important to needlessly complicate.  Money complicates.  Valued relationships already contain challenges.    Introduce money and things go badly there will be resentments. Trust isn’t the issue.  Emotional entanglement is the risk.

 

 

 

People mean no harm when informing friends of business issues.  They mean no harm when pimping specific products.  Yet the job of business is business.  When friends sell products or services to friends create a new dimension.  Now it’s friendship with business coiled in.

 

 

Many people will proclaim “I’m not a money person.”  Hum?  Do you use money?  Then you’re a money person.

 

 

 

people, woman, apple
What could go wrong?  Wait, haven’t we seen this story? Woman, low-hanging fruit, inside knowledge?  Seemed like a good deal then too.  This time she’s family–sort of–sister-in-law. She’s a broker and all jacked about Enron. Again, she’s family. We have to go on vacation with these people, and there’s that…besides, look how adorable she is.  Enron you say?  No, I don’t hear any ticking.

 

 

 

Remember Enron?  The media displayed many destroyed by Enron’s stupendous shambolic fraud.  They were victims, but not just of Enron.  Ultimately they made their own chocies.  Many repeated the very same truth,” I had my whole retirement in Enron stock.  I worked for them for 10 years.  I trusted the company.”

 

The market doesn’t care how you got there or who told you to buy.  And in the end whoever did won’t be there if it explodes.  Advertisers get you to the shoreline.  Brokers will put you into a vehicle and launch you onto the wild ocean.

 

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Investing reality. It’s you out there, alone. What you buy is what you brave the wild ocean on. Your broker will not be there. Nor will your family, friends, or anyone else who convinced you to leave the dock on that boat.

 

Once you leave the dock it’s all over but the fussing.  The vehicle you leave in, and what happens to you out there, is all on you, regardless of what was said or intended.  It’s just you and the fish.  The ocean doesn’t have a “complaints window,” even for family.

 

 

Thanks for reading.

 

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Additional resources:

Investopedia.com.  Seriously Wonderful.  Fact.
http://www.investopedia.com/
Charles Schwab.  In Our Opinion, the best broker going.
https://www.schwab.com/public/schwab/client_home
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