Would you entrust your money into the hands of a friend who just recently began a career as a financial advisor?

I would never mix business with friendship in such a manner if I felt the least bit reluctant to do so. When it comes to your money, you probably have a pretty good instinct about what you want, and what makes you uncomfortable. The fact that you are reluctant to sit through what may turn out to be a high pressure and awkward sales meeting is proof that you have reservations about putting something this important in the hands of an inexperienced newcomer, no matter how good the friendship may be.

You are probably also concerned that you might be tempted to do something unwise or something you would regret, when faced with pressure. Over the years, I've had four or five friends ask me to invest everything I have in their fool proof investment methods. The future of my retirement and my family is worth more to me than any hurt feelings they might have.

I would say this to your friend: "While I very interested in remaining friends with you, I am not interested in having you handle my money at this time. As your friend I am of course interested in your career and how you are doing, and if at some point in the future my opinion on the matter changes, I will let you know and I hope that at that time, you will still be interested in handling my finances. " Be prepared to hold firm to your decision.

Many sales training courses require that the salesman's job is to break down your resistance. It is a particularly distasteful behavior and leads to a high rate of buyer's remorse. Continue to say no.

I would be happy for my friend that he/she has advanced in their career, but I am so conservative that I would not feel comfortable letting such a "newbie" handle my investments. I would nicely say, "I've dealt with ________ for years now, and my investments are lined up just the way I feel they are doing the best for me, so, while I appreciate that you'd like to help me, I really have to decline. But I wish you all the luck in the world.

Never, ever work with a friend - unless you want to lose the friendship. You decline this as a matter of principle BECAUSE you value the friendship. It always hurts the relationship when you mix business with pleasure.

Ya, if he is my best friend then will surely help him after all Friendship can't be considered after money.

In all honesty, no, I wouldn't entrust my money to my friend, not until I was sure and confident they had the experience. If I'd hold the same level of caution towards a financial advisor who wasn't a friend, then why not to a friend? In such an appointment, my friend seizes to be a friend but a financial advisor and I'd expect them to be totally professional and treat me as a client.

I'd probably go in without them having to repeatedly ask me to come in as I'm sure I'd be able to benefit from the knowledge they have; however, I wouldn't go as far as investing.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.