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Author: JDWinNOLA One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76420  
Subject: Re: Friend for a Financial Planner Date: 8/25/2000 6:38 PM
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Hi Josh, You asked I guess the reason I hesitate to move forward (and herein lies my question) is because he is a good friend. I trust him completely, but I know that emotions can run high especially when money is involved. Have (or do) any of you ever done this kind of business with a friend? My dad has some assets with a long-time family friend and I think it's been pretty much a wash--nothing great, nothing terrible. My first concern is our friendship. Any thoughts and/or experiences you can relate would be much appreciated.

I would think that I would not want a "Good Friend" to know my personal finances that closely. I don't even tell my daughters exactly what I have, much less my friends. I don't think you can remain friends with this advisor if you use him.

There are always exceptions but more friends have been lost over money than anything else, including girl friends. ;-)

Jim in New Orleans.
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