12-25-2021, 09:16 AM
Now that it's Christmas and most forum members are with family, this discussion seems especially poignant. Do not bring up investing, unless asked, and even then, keep it to a minimum unless you hear genuine interest.
From personal experience, my Dad hates it when I talk investing, my Mom wants me to pay off my mortgage, and aside from my brother my siblings want their privacy on the subject. My friends generally warn that we are overdue for a correction and largely keep their cash in the bank.
A few years back I gave a talk on budgeting to my synagogue, and apparently gave several people "heart attacks" because they aren't saving any money on a monthly basis. You never know who is living paycheck to paycheck. Whether you have a $50,000 portfolio, a $250,000 portfolio, or higher, we are way, way ahead of most people.
From personal experience, my Dad hates it when I talk investing, my Mom wants me to pay off my mortgage, and aside from my brother my siblings want their privacy on the subject. My friends generally warn that we are overdue for a correction and largely keep their cash in the bank.
A few years back I gave a talk on budgeting to my synagogue, and apparently gave several people "heart attacks" because they aren't saving any money on a monthly basis. You never know who is living paycheck to paycheck. Whether you have a $50,000 portfolio, a $250,000 portfolio, or higher, we are way, way ahead of most people.