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The only reason I would contact them beyond our normal level and a congratulatory card would be to recommend some books for sound investment if they had no experience in that area, since I work on the edges of that field. I also know several money managers who are renowned for their honesty, focus on low costs and expertise, and I would be happy to pass those names on to said relative.
I make my own money, and I don't want to be beholden to anyone.
There has been lots of talk recently in the news about lottery winners getting checks for $50, $100, $150 Million, changing their lives. Shortly afterwards, they have lots of old friends and relatives they had not talked to for a long time, calling them up for a friendly visit!
Be honest now: If someone in your extended family that you have a good relationship with, wins the Lottery and now has $150 Million (After Taxes) would you call or come by to see them and ask about the money, with the hope that you will be given something? Be honest now! Please discuss.
Nope, you couldn't pay me enough to talk to my extended family. Plus, it would all be gone on drugs and gambling before the check cleared.
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