Advertisement
Anonymous
25
Discussion (25)
Learn how to style your text
Reply
Save
You could do that as a 'gamble' club, low total money and democratic choices as predifined.
But for serious investing, I would discourage from that.
A friendship is too valuable, to be influenced negatively by finance, true?
Reply
Save
Unless you're really good, I would suggest not as money can destroy friendships.
Be good at it first, then manage their money :)
Reply
Save
Pang Zhe Liang
06 Dec 2019
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
No, you should not.
While the short-term gains, e.g. lesser fees and charges may make the entire situation seems like a good deal, the long term effects are often more complicated than most can imagine.
For instance, how are you all going to split the profit? What if there are different decisions on whether to hold or sell the stocks?
Most importantly, who is responsible for the accounting?
Therefore, invest on your own. That is what I will do.
Here is everything about me and what I do best.
Reply
Save
Money is a tricky thing... Even family members fight over it.
I don't think there's a right or wron...
Read 18 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
I believe most stocks are not out of reach for people to buy and there are even a number of platforms available that fractionalise shares to bring down the cost of stock. And because of that, even for people who just want to dollar average, they are not limited by what they can buy.
β
But more for properties where you have a high entry point. Especially when it has only been available for the super rich and it is more common for people to invest as a group. The rules can be set easily and management can be done by a property manager