Retired and investing with friends or family? Think hard, and then think again
Wednesday, November 29, 2017
Thinking of investing with friends or family? Take a huge step back — and consider the story of Ron Smith and his daughter Lynn Byrne of Doylestown, Pa. Smith and Byrne invested and lost roughly $230,000 in a physical therapist's startup small business — and got no help from regulators. Smith, 82, and his daughter, 53,…