How do I persuade my son into not selling an investment?

My son own a huge house in India. Bought at less than a year ago. The rate tripled. He wants to sell it to a family frien at a discount and use the money in America investment. US economy is nothing but bad. I want to tell my son to not sell it.How?

Do you mean the interest rate tripled? If so he may not have any other option. If he can not afford the payments, what would you expect him to do instead? I do have to agree somewhat with you much of the U S economy is not in too terrific shape, but there are some decent investment opportunities in the U S. After all the average PE ratio for U S stocks is only about 16 where as in India it is 35.

I do tend to agree with you that real estate in India should be an excellent long term investment, if one does not suffer the embarrasment of not being able to affort the payments on that investment.

Sit down with him over a couple of beers and talk about it. Don't try to force the issue. Try to understand what the issues he has with the house. But if he can not afford the payments, I do not see too many alternatives.

If you don't know how to convince your own son of something, how should we?

Especially since you know nothing of the US economy.

There is a saying here. A bird in hand is worth more than two in the bush.

Ummm. Or was that two Bushes?

Ask his friend or someone he will trust to explain and let him understand the situation. Normally man will only listen to someone who he trust most.

Simply advise him of the advantages and disadvantage of his action.