facebookShould i pool money with my friends and start investing together so we can increase the returns and buy more stocks and start investing together? - Seedly

Anonymous

05 Jun 2020

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Stocks

Should i pool money with my friends and start investing together so we can increase the returns and buy more stocks and start investing together?

Discussion (25)

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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.

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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

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?

Unless you're really good, I would suggest not as money can destroy friendships.

Be good at it first, then manage their money :)

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.

Money is a tricky thing... Even family members fight over it.

I don't think there's a right or wron...

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