While this may be true, he seems to be nonchalant about all these happenings. Sigh... Do u guys think that spending $1.5k on lottery/4D per month is a lot? Not to mention his other losses in the stock mkt...Originally posted by Bontakun:You have to show him articles, clips, any possible evidence of people who dabble in such investments and lost and what happened to them. Then slowly tell him what are the possible implications, like how "fast" his life can be with winning and losing fast, unstable lifestyle, etc, etc.
Yes its alot. If he refuse to heed your concerns, then he may have to learn it the hard way: lose badly.Originally posted by nick28:While this may be true, he seems to be nonchalant about all these happenings. Sigh... Do u guys think that spending $1.5k on lottery/4D per month is a lot? Not to mention his other losses in the stock mkt...![]()
30% is ok. he can afford it.Originally posted by nick28:While this may be true, he seems to be nonchalant about all these happenings. Sigh... Do u guys think that spending $1.5k on lottery/4D per month is a lot? Not to mention his other losses in the stock mkt...![]()
But most of us wouldn't want our friends to end up in dire straits... so Im trying to see how I can help.Originally posted by Bontakun:Yes its alot. If he refuse to heed your concerns, then he may have to learn it the hard way: lose badly.
That is only for 4D. Stk mkt i think maybe another 10 to 20%...Originally posted by dragg:30% is ok. he can afford it.
4d is gambling.Originally posted by nick28:That is only for 4D. Stk mkt i think maybe another 10 to 20%...![]()
There is no instant solution to this. Its similar to trying to end a person's smoking streak. It takes time. What you can try to do is to be with your friend and telling him about your concerns, but not virtually all the time you meet him and all the time while you are with him.Originally posted by nick28:But most of us wouldn't want our friends to end up in dire straits... so Im trying to see how I can help.
Not really, he plays contra on stocks... so its speculation not investment...Originally posted by dragg:4d is gambling.
stock market is investment.
so it is still ok.
well if he speculates recklesslyOriginally posted by dragg:4d is gambling.
stock market is investment.
so it is still ok.
contra is another issue altogether.Originally posted by nick28:Not really, he plays contra on stocks... so its speculation not investment...
Not really.. has been losing big time... earning not enough to cover losses and still on margin account somemore...Originally posted by dragg:contra is another issue altogether.
for all you know he could be making.
then you must advise him to stop.Originally posted by nick28:Not really.. has been losing big time... earning not enough to cover losses and still on margin account somemore...
Its a misconception that trading via margin acct can kill.Originally posted by dragg:then you must advise him to stop.
trading via margin account can kill.
Advise him to try derivatives and futures for 5 days. After 5 days, ask him shiok or not.Originally posted by nick28:Not really, he plays contra on stocks... so its speculation not investment...
NAG HIM NON-STOP.Originally posted by nick28:Hi,
I have a friend who spent close to 30% of his monthly pay on gambling activities such as 4D, ToTo, stock mkt and so forth. Is there any way to help him quit?