I never advise friends to put money in anything,. said Danny. 'It's a no-win situation - if they make a profit they forget that it was you who recommended it, and if they make a loss they never stop reminding you. My only advise would be not to gamble what you can't afford, and never to risk an amount that might cause you to lose a night's sleep
Danny advises friends against investing their money, as he believes it's a risky and thankless activity. He notices that whenever friends make a profit from investments, they tend to forget who recommended it, but they always remember and blame you if they incur a loss. This creates a complicated situation, making him cautious about giving investment advice.
'My only advice would be not to gamble what you can't afford, and never to risk an amount that might cause you to lose a night's sleep,' Danny emphasizes. He stresses the importance of responsible investing, warning against risking money that could cause significant distress if lost, reflecting a cautious approach to financial risks.