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

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Anonymous

05 Jun 2020

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 (24)

What are your thoughts?

Nope nope and nope.

What are the benefits?

Save on some commissions maybe.

What are the risks?

The autonomy of making Decisions.

Everything can be sunshine when things are green and everyone's making money.

If a Bad quarter or black swan event hits the company, the stock price may plunge. Everyone has different stomach for paper loss and you may lose a friend because you hold a differing view from your friend.

View 1 replies

Bjorn Ng

Bjorn Ng

05 Dec 2019

Level 13·Business Analyst at 10x Capital

No, big nono.. just because I know money can literally destroy any friendship you have forged, no matter how long it is. I would think it is only possible if only 1 person makes the decision, and the others fully trust that person with the savings, which itself is already something I am not comfortable about.

It's good to getogether and learn about investing and researching companies together, debating your point of views and ultimately purchasing the stock. Times are good, everything is good. But when times are bad (i.e stock price plunge), that's where things are gonna get wayyy tricky my friend.

Elijah Lee

Elijah Lee

05 Dec 2019

Level 18·Independent Financial Advisor at Phillip Securities (Jurong East)

I would not do that. Money has a way of destroying relationships. You can't guarantee that nothing w...

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