The Moneyist: My Friend Gave Me Some Good Stock Tips — Now He Wants Me To Pay Him

Dear Moneyist,

My friend gives me stock advice. I have executed trades based on some of his suggestions and have made a decent amount of money on most of his trades. I am well off and have a good portfolio in terms of monetary value and positions.

Don’t miss: My stepfather left $1 million to strangers and dead people

He now continues to ask me for money and says “I made you this much money,” or “I tell you all of your stocks to buy and I deserve this amount etc.” I thought he was doing this out of the kindness of his heart. Should I pay him?

Angelo

Dear Angelo,

No.

P.S. Happy holidays!

Also read: Should I spy on my son’s mysterious new girlfriend?

Do you have questions about inheritance, tipping, weddings, family feuds, friends or any tricky issues relating to manners and money? Send them to MarketWatch’s Moneyist and please include the state where you live (no full names will be used).

Would you like to sign up to an email alert when a new Moneyist column has been published? If so, click on this link.

RECENT NEWS

Gyrostat Capital Management: The Hidden Architecture Of Consequences

When Structures Themselves Become A Risk In portfolio construction, risk is rarely where we look for it.... Read more

Gyrostat November Outlook: The Rising Cost Of Doing Nothing

Through the second half of 2025, markets have delivered a curious mix of surface tranquillity and instabi... Read more

Gyrostat Capital Management: Blending Managers - From Style Diversification To Scenario Diversification

The Limits of Traditional Diversification For decades, portfolio construction has ... Read more

Gyrostat October Outlook: Beneath The Calm, The Cost Of Protection Rises

 Even as global equity indices remain near record highs, the pricing of risk is shifting quietly ben... Read more

Gyrostat Capital Management: Solving The Nastiest Problem In Finance

Retirement Income and Sequencing Risk Executive Summary ... Read more