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Old 07-08-2015, 07:26 AM   #21
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My theory is that the OP is "listening" to his sales pitch to keep peace as the OP's DW and his DW are very good friends. Kinda like girl scout cookie buying time among friends and family. But the girl scout cookies do taste good .
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Old 07-08-2015, 07:40 AM   #22
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Must be doing OK as he has a nice sail boat, etc.
But where are the customers' boats?
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Old 07-08-2015, 08:53 AM   #23
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I'd let him take me to dinner and talk about whatever it is he needs to discuss. It wouldn't cost me anything and he'd think he was accomplishing something.
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Old 07-08-2015, 08:55 AM   #24
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I'd let him take me to dinner and talk about whatever it is he needs to discuss. It wouldn't cost me anything and he'd think he was accomplishing something.
I'd have to be really hungry and really broke for that to seem attractive--at all.
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Old 07-08-2015, 09:58 AM   #25
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I guess I'd contemplate going further. I think most people on this forum know that anything offering 14% low/no risk is dishonest and the people who sell it make money by tricking their customers. I would find it personally unethical to knowingly do this and I would ask how any of my friends (or acquaintances) can do it in good conscience. I'd be super happy to have THAT conversation after which they probably wouldn't want to send me anything anymore.

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That is what bothers me about him. We had enough talks about markets/finances that I know darn well he should know (and most likely does) that you can't have 14% payout and safety in the same vehicle. Otherwise, the world would be beating a huge path to it.
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Old 07-08-2015, 10:01 AM   #26
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My theory is that the OP is "listening" to his sales pitch to keep peace as the OP's DW and his DW are very good friends. Kinda like girl scout cookie buying time among friends and family. But the girl scout cookies do taste good .
You have it exactly right. The DW does want to go down to their place and ride on the sailboat. That is one trip I will dread. . . .

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Old 07-08-2015, 10:31 AM   #27
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Why don't you ask him what his definition is of a risky investment?
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Old 07-08-2015, 11:26 AM   #28
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You have it exactly right. The DW does want to go down to their place and ride on the sailboat. That is one trip I will dread. . . .
But as the saying goes, "Happy wife = happy life" .

The next time he makes the sales pitch, tell him that all you do for investing is blindly follow the market indexes and most investments can't consistently do better. When he says his investment is better, ask him to prove it. That should be a conversation killer.
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Old 07-08-2015, 12:18 PM   #29
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The next time he makes the sales pitch, tell him that all you do for investing is blindly follow the market indexes and most investments can't consistently do better. When he says his investment is better, ask him to prove it. That should be a conversation killer.
I doubt it will kill the conversation. He'll have an answer, if he's any good at selling (which he apparently is). In my experience, try to reason or argue one's way to an end these engagements is fruitless--it just goes on and on. It has to be a firm statement of disinterest in pursuing the course of action AND of discussing the course of action. Then don't ever discuss the subject again despite hints and leading statements. In response to direct questions, either pretend not to hear them or say "As before, it's something I'm not interested in discussing." That's the only way I've been able to salvage relationships when such a topic comes up (religion, politics, money, etc).
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Old 07-08-2015, 12:56 PM   #30
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I doubt it will kill the conversation. He'll have an answer, if he's any good at selling (which he apparently is). In my experience, try to reason or argue one's way to an end these engagements is fruitless--it just goes on and on. It has to be a firm statement of disinterest in pursuing the course of action AND of discussing the course of action. Then don't ever discuss the subject again despite hints and leading statements. In response to direct questions, either pretend not to hear them or say "As before, it's something I'm not interested in discussing." That's the only way I've been able to salvage relationships when such a topic comes up (religion, politics, money, etc).
That will be my exact plan. We can be friends as long as he doesn't get aggressive. I will tell him I have MY plan and its working just fine, thank you.
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