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URL:  http://boards.fool.com/hi-josh-i-am-a-financial-planner-who-has-been-13202396.aspx

Subject:  Re: Friend for a Financial Planner Date:  8/28/2000  12:03 PM
Author:  gnhannah Number:  24406 of 75532


Hi, Josh:

I am a financial planner who has been in the unenviable position of
managing money for friends and family until I got smart and quit accepting
their accounts. I now refer my close friends and family to a trusted
collegue.

Why? Because inevitably there comes a day when an investment just doesn't
work out. That's just the nature of investing. And the closeness of our
relationship is at odds with my need to be objective when I give
investment advice. The more detached the relationship, the more objective
the advice.

Sooner or later your friend will be in the position of having to break bad
news to you and you will likely feel a strain in your relationship. Buy
your life insurance from your friend and maybe even the financial plan.
But if you value your friendship with this person, implement the plan
elsewhere.

Just my two cents worth.

Gary Hannah ChFC
Chartered Financial Conslutant


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