Conversations with co-worker about finance usually end up turning into stock tip conversation where the other person hopes to get rich quick by buying Nvidia or equivalent. Most will not want to discuss index fund though many these day hold some. I think the BH way of investing slowly low term is just not conductive to interesting conversations.
On the few times I tried to helped out someone, things did not go as expected. There was the time when a new employee asked questions about open enrollment.The person had questions about life and disability insurance. After explaining both and knowing that the person was young and single, I suggested increasing disability and just take the free life insurance. They instead opt to bulk up the life insurance and ignore disability. There was also the time I had a chat with my manager about 401K while resulted in the manager putting in 1% of contribution instead of what I suggested.
Frankly, this makes sense. I am not a subject matter expert and I don't appear to have any credentials. Perhaps, if I had arrived in a Lamborghini or show some signs of wealth, they might think more positively of me.
On the few times I tried to helped out someone, things did not go as expected. There was the time when a new employee asked questions about open enrollment.The person had questions about life and disability insurance. After explaining both and knowing that the person was young and single, I suggested increasing disability and just take the free life insurance. They instead opt to bulk up the life insurance and ignore disability. There was also the time I had a chat with my manager about 401K while resulted in the manager putting in 1% of contribution instead of what I suggested.
Frankly, this makes sense. I am not a subject matter expert and I don't appear to have any credentials. Perhaps, if I had arrived in a Lamborghini or show some signs of wealth, they might think more positively of me.
Statistics: Posted by gavinsiu — Mon Oct 14, 2024 12:09 am — Replies 21 — Views 692