Don't Let Your Parents Get Swindled.

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Footwedge

Senior Member

9,265 posts
Jul 20, 2010 3:11 PM
Don't know if this belongs on the political boards, but here goes anyway. If you have elderly parents, it's a good idea to win their trust in accompanying them before they make irrational investment decisions.
Elder folks with big chunks of money are easy targets for con men. Don't let this happen to your loved ones. Be tactful, but pro active in addressing your concerns. If nothing else, forward these types of articles to them and remind them to only deal with those they've known for a long time.

http://finance.yahoo.com/focus-retirement/article/110105/scams-a-sucker-retires-every-minute?mod=fidelity-managingwealth
Jul 20, 2010 3:11pm
LJ's avatar

LJ

Senior Member

16,351 posts
Jul 20, 2010 6:28 PM
Eh, not really politics, but a good article
Jul 20, 2010 6:28pm
CenterBHSFan's avatar

CenterBHSFan

333 - I'm only half evil

6,115 posts
Jul 20, 2010 10:07 PM
My parents (mother/stepfather) aren't wealthy in funds per say. What they do have they are far to suspicious in general to be risky with.
The people in my family that are wealthy I have no idea what they do with it all, it's not really my business. But, I'm pretty sure they've used the same trustworthy handlers for years, thus keeping them wealthy lol
Jul 20, 2010 10:07pm
Writerbuckeye's avatar

Writerbuckeye

Senior Member

4,745 posts
Jul 20, 2010 10:59 PM
I believe all elderly folks with lots of money should invest it with me. I'm safe and secure, and promise to take very, very good care of it. :D:
Jul 20, 2010 10:59pm
Q

QuakerOats

Senior Member

8,740 posts
Jul 21, 2010 9:12 AM
Footwedge;428023 wrote:Don't know if this belongs on the political boards, but here goes anyway. If you have elderly parents, it's a good idea to win their trust in accompanying them before they make irrational investment decisions.
Elder folks with big chunks of money are easy targets for con men. Don't let this happen to your loved ones. Be tactful, but pro active in addressing your concerns. If nothing else, forward these types of articles to them and remind them to only deal with those they've known for a long time.

http://finance.yahoo.com/focus-retirement/article/110105/scams-a-sucker-retires-every-minute?mod=fidelity-managingwealth
Thanks for the post -- good reminder.
Jul 21, 2010 9:12am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jul 21, 2010 9:15 AM
Writerbuckeye;428502 wrote:I believe all elderly folks with lots of money should invest it with me. I'm safe and secure, and promise to take very, very good care of it. :D:

To whom do I make out the check? You sound reliable.
Jul 21, 2010 9:15am
believer's avatar

believer

Senior Member

8,153 posts
Jul 21, 2010 4:29 PM
Writerbuckeye;428502 wrote:I believe all elderly folks with lots of money should invest it with me. I'm safe and secure, and promise to take very, very good care of it. :D:
Believe it or not Writer, I'd trust you! :D
Jul 21, 2010 4:29pm