Question

You have a friend who is always getting into trouble by taking unwise risks. What advice would you give this person?


What advice would you give someone you believe to be excessively wary of risk? Also, assume you are an investor in the stock market. What would be your position in that market now?

Answer 1

We'll be glad to comment on your ideas on the advice you could give.

As an investor, this down market seems to be a buying opportunity. Over the long haul -- 10 year or so -- the market continually increases in value.

Answer 2

Make sure you have a solid business plan. Always have a back up plan both for the short and long haul. Develop your business in a market that is on an upscale or even a new venture that has never been saturated. Choose a location that is thriving.