Christmas is only a few days away. We will soon all be getting together with friends and families, to share in this happy season. The big Christmas question this year is how will you deal with your family’s financial expert Uncle Frank ?
Every family has an Uncle Frank (or Aunt Francine). The family member who claims to be a money expert and will chew your ear off about how they are doing well financially. How do you deal with a financial expert like this? You are OK with your investments, you don’t want advice, but if you duck Uncle Frank, Aunt Frieda (the crazy cat lady) will corner you in the kitchen.
If you are comfortable with it, you could simply argue with Uncle Frank about how leveraged Hedge Funds are the last thing your 70 year old mother should be investing in, or how the next market crash (or huge gain) may not be due to happen soon, but most folks just want to try to change the subject, or hide in the basement (or drink a lot more eggnog).
As a service to my readers, here are some helpful phrases to throw at Uncle Frank. They may help you slow down this relentless financial expert:
- I have heard that with Trump’s election, the Russian economy will be making huge gains, so I am planning on putting my money in a Vodka Hedge fund.
- Someone I work with has got me some inside information on how bees (the insect) will soon all be gone, so I should invest in honey futures (aka the Bee Movie fake out).
- Given the exploding prices of houses and condos in Toronto and Vancouver, I have decided to live in a Van down by the river (aka the Chris Farley method).
- I have a great multilevel sales opportunity that guarantees me huge paybacks, if I can get other folks to join in on this rare chance to make money, can I sign you up ?
Christmas is a wonderful time of the year, catch up on your family’s news, but try to leave money discussions out of things. Are there any other escapes from Uncle Frank I missed ?