Reply to Do you know anyone who fancies themselves a savvy investor?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]And acts like their way of investing is the only way - but then they invest in questionable stuff?

I don't talk to people about money in real life bc it's personal, but I have a friend who talks about her investments constantly. She and her DH view themselves savvier than the rest of us "peons who just invest in index funds." Their words. But then they'll tell you they gave 100k to some out of state financial advisor who put it all in energy w/o even talking to them and now he isn't even beating the S&P. Or they'll decide one weekend that they should have an investment property and then go put an offer on one in an over developed area without any real research re is it rentable, how much would it rent for etc and then they'll consider buying said property with an exotic mortgage product so that the property debt isn't just secured by the property itself but also by their other assets. In a way it's impressive that they can throw 100k here and there but in another way it's like - really - are these good investments or just a way to tell friends about your wealth? Anyone run into this?[/quote]

They: Stupid.

You: Jealous.

Grow up.[/quote]

Lol -- jealous. Yeah right. [/quote]

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