Right. Which gets us full circle, to never give investment advice, lol. That being said, at some point someone may sincerely look too you for guidance and you need to make a call as to whether you want to take that risk, what advice you give, and are you sure it is good advice.

I used to mentor student employees years ago, and when they wanted advice I always told them to max out workplace matches first, and then after that if they can save more, put it in tax advantaged savings programs that let you buy into indexed funds and never sell. In those cases you usually can't even sell unless certain conditions are met and you sign disclosures, unlike most brokerages. Now, students you are giving them advice for the rest of there life and they likely don't have $40k to panic sell/buy/sell to zero.

Lmao. Yeah you have to be careful to make sure they understand the risks. They need to understand 10% average YoY is not the same as 10% every year. I've no background in finance so I don't know if I know enough to make sure I gave her the best advice but it was based on my understanding and prior experience.

Also, I think a friend of hers was trying to get her to sell covered calls. While well intentioned and technically low risk, it's complex. If you screw anything up setting up the covered calls it can end disastrous. Also it will complicate your taxes.