Here There and Everywhere

Expat wanderer

You Are Not My Friend

I Have a pet peeve. I may have even ranted about this before, but it makes my blood boil.

From time to time, I will get a call from a person working at a financial institution. Or it may be a message on my machine, saying I need to call them about an account. They start out all collegial and friendly, then they want to give me financial advice.

Excuse me? You “noticed” we have money sitting in X account that could be working harder? Mind your own business! If you are going to take a percentage for rolling my money from X to Y, if you are going to take a fee for this service – then this is not friendly advice. Don’t pretend to be my friend.

AdventureMan laughed out loud once when I told the man to annotate our file NEVER to call with financial advice, that I still have all my marbles and I know what I am doing. Every now and then if he wants to make me laugh, he will fake this high voice and say “I still have all my marbles!” It never fails to crack me up; I don’t get angry often, but when I do, I say the most amazingly hilarious things.

I think what makes me outraged is that I still DO have my marbles, and AdventureMan and I have worked hard to make sound financial decisions. We decided long ago that no one cares about our money the way we do, and that we would make our own decisions. We ask for input – we get answers online, we read reviews and analyses, we ask questions of friends we respect. We make informed decisions. One of the secrets to growing investment money and holding on to it is to choose wisely and to minimize trading.

Most of these calls take advantage of people feeling inadequate when it comes to money management, especially the elderly and lonely. They make it seem like the target has a new and caring friend, a knowledgeable friend, who only wants to help. The new friend builds trust, until the target invests in the recommended product, and then . . . huh – they don’t hear from their new friend again, or not for a long while, when the friend has another idea for their money.

You are not my friend. I don’t want your great new ideas about where I should move my money; I understand that this is your job and that there is something in this for you. What you are talking about is an opportunity – it’s like cotton candy, all puffy and pretty but full of air. I know you wouldn’t be calling me if there were not something in this for you. Don’t call me. You are not my friend.

🙂 And I still have all my marbles 🙂

July 25, 2013 - Posted by | Aging, Cultural, Family Issues, Financial Issues, Rants

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