Although it is not my responsibility, I am trying hard enough to give my friend an idea about investing but some of his questions bother me. No matter how much I tried to convince him about investing, he just kept asking me one question over and over again that if I can make a profit from my investment then why can't he make a profit from his investment if he invests. Every time I asked him to learn about investing first, he misunderstood me and told me I didn't want him to invest. Still patient and tried to convince him, I shared with him my beginnings in convincing him about investments. I told him like this that you are getting my support in starting but when I started investing I didn't get other's support or any other investor explained me about investing like this but still I am successful in investing only because of my efforts. I told him you will get all investment support from me but you have to try.
When I ask him about long term investment he tells me if my investment is profitable now why should he hold it long. I cannot convince him that investing is not as easy as he thinks it is. It's not like I invested and then I sold my investment but I invested and again when I got money I increased my investment that's how I increased my investment and held it for a long time only then I am now somewhat successful from my investment. Maybe it will take me some time to explain to this friend that I have to hold on to it for a long time because if I get excited about the questions he asks, I might not be able to give him a full understanding of investing. Realizing this, even after he asked the same question several times, I kept calm and tried to explain it to him again.
Yes I understand that it is not your responsibility but as he is your friend so if you can give him some investment ideas now even though it is a little difficult then one day he will definitely remember you and he himself will remember this benefit of yours without knowing it. This time of your friend is the beginning of investing so he is asking such questions when he has some idea about investing and once he has some understanding about investing you will see that he is not asking such questions anymore. We have enough knowledge about investment so investment seems very easy to us but for a new member investment is very difficult in the beginning. Your friend may be thinking that the present time is the time to gain. That is why he is only saying repeatedly that if your investment is profitable then why his investment will not be profitable. Try to teach him about long-term investing as well as give him a little bit of investment ideas every day because if you try to teach him too much in one day, he won't be able to absorb so many ideas in one day.
As you are an investor you must understand if he is interested in learning, if he is interested in learning then you can spend time on him but if he is not interested in learning then I think your journey of giving him investment ideas ends here.
There is ONLY so much hand holding that any of us should be willing to do, especially since each person needs to be responsible for his/her own investment choices, and it might not be a good idea to get into an investment advisor position with such a person, and even investment advisors likely are not able to guarantee results, and they make sure that the client is making the choices or agreeing to the allocation strategies. Investment advisors tend to take a fee which could be a flat fee or it could be a percentage of the earnings or maybe in some cases, it is both.
The investor has to bear the full risk of the investment, the person giving the investment idea to a new person has no vested interest in it, he can only give the idea to an investor. If the mind-set of a new investor is such that after making an investment he will blame the loss on the investor who taught him about investing, I think he should refrain from giving the idea of investment relationship.