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Talking investing with friends/family? - rayray - 06-09-2018

I've come to the conclusion, it's best not to talk investing with most people. Either they don't understand or they HATE dividend stocks for some reason, they tell you those type of stocks are for old retired people. And if you tell them your returns they'll tell you you'll never duplicate those returns yada yada yada.

To be honest, as an investor I'm happy with singles and doubles...sure I'll take a triple or a home run but if I look for that single or double I'm not disappointed.

Lately, when someone brings up investing...I tell them to read and understand compounding and continuous compounding, learn about those two terms and go from there as an investor.

That's my goal and top priority as an investor "Continuous Compounding"

After that, it's taxes and trading fees


RE: Talking investing with friends/family? - crimsonghost747 - 06-09-2018

I enjoy doing it but only with people who really understand it. If you try to talk investing with people not so familiar with the subject then you really do need to stick to the very basics and that's it, otherwise it's not going anywhere.


RE: Talking investing with friends/family? - chipmunk - 06-09-2018

I'm going to put my cynical hat on for a minute.

Most people, in my opinion, don't truly understand what is and is not investing. It has been my experience that a lot of people think stocks, annuities, bitcoin, and their primary residence are all "investments." When you run across someone that understands the difference between those four things, you'll find that they often view stocks like a casino. That is, they're trying to pick the big winner. These are the types that "know a guy" that tripled his money in six months with a tech stock.

Just have realistic expectations if you decide to bring it up.


RE: Talking investing with friends/family? - cannew - 06-10-2018

Over the years I have told our kids that they should be saving for their retirement and suggested the invest in DG stocks.  I did not push them and it was only after we were retired did they begin to ask questions.  When they heard how much Income our stocks were generating they got more interested.  Our daughter and husband, and even grand daughter, are now investing in DG stocks.  Our son is just starting.

I don't like to advise others unless they ask, then I'll only discuss investing in general terms, but do suggest some of the benefits of DG investing over general stock selection.  Our vehicle license plate is "DIV GTH" and I've had many people ask what it means.  One person honked, waved and gave us the Thumbs Up till I realized he was referring to our plate.


RE: Talking investing with friends/family? - Kerim - 06-13-2018

(06-09-2018, 08:29 AM)rayray Wrote: I've come to the conclusion, it's best not to talk investing with most people. Either they don't understand or they HATE dividend stocks for some reason, they tell you those type of stocks are for old retired people. And if you tell them your returns they'll tell you you'll never duplicate those returns yada yada yada.

Yeah, I've never understood why people get defensive / animated when we talk about my approach to investing. And it's only when THEY asked or initiated the conversation. I learned a long time ago to keep my trap shut about money and investing most of the time. People are REALLY weird about money.


RE: Talking investing with friends/family? - lucas03 - 06-17-2018

I try to talk about investing/DGI with family and friends. I don't go into detail mostly, just trying to mention it once in a while so that they will try to look up DGI or compounding. I think it's pretty important financial knowledge and everybody should realize when buying something, whether it's passive or active.

I have talked openly about my finances + investing with a few friends + family members, still waiting when it will backfire and I guess I will keep it to myself afterward. Luckily nothing like that happened yet, but knowing people and reading responses like this, it's just a matter of time.


RE: Talking investing with friends/family? - DividendGarden - 06-18-2018

I played the long game with my wife and we're on the same page. I just tried to emphasize the passive income that comes in each month and increases each year. She's all for that. But I agree it's generally best to not talk about it with most people. It reminds me of a Warren Buffett quote about inoculation - either it takes and they get it right away or it doesn't take and they'll never get it.