How do i deal with people like this---------->?

Question

I'm 21 & I'm really Hook (with the capital H) with increasing my knowledge towards Investing like stocks, mutual funds, index, forex, banking system etc. learning all of this is my passion (especially making money from it). So i hope i learn something and actually still learn all the things that I need to learn. But how am i going to deal with people (especially people that i knew) that I know for myself that they don't know what they're talking about & totally know nothing about the topic, & you can see in front of your face that they are TOTALLY WRONG & MISINFORMED. but they talk like a Hedge fund manager and think they know it all, and actually tell you to Do This and That. I want to tell them the things that I learn through my experience & painstaking learning but they look down to me as if I'm a trash 21 year old guy. I want to share my knowledge bec. despite d way dey talk they're deep drowned in depth, no investment, keep losing the most powerful resource & that is TIME

Answer 1

Dear Mr. Learn,

How do you deal with people like that?  Well, you recognize that they are foolish, right?  So treat them as I do all fools that I run into:

When they give me advice or swear they heard it from their grandmother's cousin who is like Warren Buffet ... I smile and nod and say, "You could be right."  Then change the subject.  

One other thing ... after investing for over 20 years, I've learn that it is rarely a good idea to talk to your "friends" about investing.  Check out web sites that offer mentor programs or stock picking communities where people like you just want to share ideas and ask or answer questions seriously.  Try stockpickr.com (no "e" in stockpicker).

I wish you luck!

Uppity Wench

Answer 2

too long to read sorry

Answer 3

I recommend that you actually do something hands on.  But don't bet any money until you are good at it.  

Sign up a broker where you dont have to pay much and start using some of the new software  for forex and stock trading.  Do paper trades and keep on doing.  I think that is the best way to learn.   Don't be tempted to go into real trades until you are ready.