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Footwedge
Posts: 9,265
Jul 20, 2010 3:11pm
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
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
LJ
Posts: 16,351
Jul 20, 2010 6:28pm
Eh, not really politics, but a good article
CenterBHSFan
Posts: 6,115
Jul 20, 2010 10:07pm
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
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
Writerbuckeye
Posts: 4,745
Jul 20, 2010 10:59pm
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. 
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QuakerOats
Posts: 8,740
Jul 21, 2010 9:12am
Thanks for the post -- good reminder.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
ernest_t_bass
Posts: 24,984
Jul 21, 2010 9:15am
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.
To whom do I make out the check? You sound reliable.
believer
Posts: 8,153
Jul 21, 2010 4:29pm
Believe it or not Writer, I'd trust you!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.