Can anyone top mine?
>parents have ~2m worth of stock in a single company due to rsus/bonuses
>company will obviously be affected by coronavirus
>tell them to sell in january and diversify which they should be doing anyways since this is more than half of their nw
>they dont
>now those stocks are worth ~700k
I'm ashamed and it's not even my parents.
>stories about parents being retarded with wealth
dont remind me. i can feel myself getting angrier thinking about it
Oh shit, they might have to settle for silver spoons instead of gold
Also i shilled BTC before it was $200 to my parents and begged them to invest at least 10k USD but they didn't listen.
My dad lost 175k he inherited on a single oil play after he knocked up my mom on a tinder date. Its gonna suck when I'm born into a life of mediocrity so i might just stay in the womb and shitpost on biz
My mum invested a lot in some random corona vaccine stock 1 week ago.
Already down 20% :(
Kek good post user. Also sorry for your loss.
What kind of company? The ridiculousness gets ridiculouser the more the industry was likely to be impacted.
Boeing.
nice and meta
:>]
Oh no no no no nooooo
Biz is not dead
They guy who lost 175k on oil the other day.
IS that you fren?
My dad has made pretty shit investments and businesses over the years, but he never failed to provide for his family through hard work.
I respect him so I would never tell him what to do with his money if he didn't ask first.
Damn. I told my parents to sell in January. Their loss is a lot less than yours though. rip
you have to be 18 to post here. reported
> dad buys sqqq in jan and sells in early march
> puts everything in tqqq
>market crashes
My dad has agritculutre land in a third world country. He wont sell it because hes emotionally attached to it. Its a tribal thing. We live in UK. The land is worth £4m+
I feel like roping myself.
>Parents split when I'm 3 years old
>Mom turns into a tweaker who fights her boyfriends in epic screaming matches and can't hold down a job to save her life
>Pissed that I refuse to help her now that she's in her 60s
>Dad made $80k-100k a year throughout my childhood
>Somehow no house or savings, just a bunch of fucking signed baseballs he bought on eBay
>Smoked a lot of pot
>Died when I was 20 with an injury settlement left to me worth $23k
I don't get it, boomers had it right down the center of the plate and all they had to do was take a swing and my parents couldn't even do that.
>be rich family of a parents and 3 offsprings
>dad want to buy mercedes a250 for big bro
>I told dad not to do that since we already have 9 unused cars plus dad have his own government-issued driver
>dad love him and spoil him too much and end up buying it for big bro
>big bro being spoilt led him to demand for more expensive things such as vw polo gti and merc a450
>dad used mom's name to buy 7th house in a developing area
>told dad not to buy house anymore since there are some of our houses that is not yet rented
>now he have to sell his house at a loss
My family is the thesis of "dumb money" and I cannot wait for them to die (corona pls come to my house) so I can liquidate their so-called "assets" and put it into stonks/glypto, and live my life moderately
tired of stupidity
Like you kids know more than your parents.
Fuck off.
but i dont think i will make it either.. I am a lazy boi who reads physics and play csgo all day. I have compsci degree but I hate all the social things (interviews, party, dinner, etc.) that are entangled with the job. Now I am trying to script a trading bot so i can make some monni..
Now I understand the characters in the movies which only wants the inheritance money
I know not to have the majority of my nw in a single company, especially close to retirement. Fuck off
Pretty much the same thing except it was booze for mom and for dad a new wife 20 years younger than him wasting his money on expensive holidays while I get nothing. Boomers are just so predictable I'm not even mad anymore.
Not OP but I am not saying that I know more. Just that I know what they don't know, and they know what I didnt know. Just trying to help them is all.
Such as all these new ways of making money (dropshipping, app/game market, youtube, twitch, crypto, etc.), I have been telling them for years now that the world has changed, and they cant treat the current age like before. Things are getting faster, smarter, even the bad guys and scammers. My point is, we have to adapt. Telling this to myself too.
LOOOOOLLL
My dad has over 30 grand invested in Amazon, but I think Amazon is a safe bet right now. My dad also HATES crypto, called all of it a scam, said he wouldn't touch it with a stick. Dunning maybe he's based.
>dad makes a lot, $100k+ from the 90s.
>gets into .com bubble.
>makes $86gs on penny tech stock
>holds for more, loses all of it
>takes no lesson from this, but does take a lesson from losing a few Gs selling early in the .com crash.
>Flash forward to now plus a big inheritance
>Worth $2.6m
>Still has a lot in equities despite being a 65 year old lifelong smoker and alcohol who should retire now to enjoy retirement at all.
>Still tons into equities
>Tell him to sell in November because the yield curve, corporate debt levels, dropping home sales/construction, etc.
>"You don't lose until you sell!"
>Yeah but you're up huge amounts and should go into fixed income.
>Doesn't sell when I tell him about the Pandemic.
>Equities crash, loses tons of value. Luckily he hasn't sold like, ever, so he is still up on old money.
I mean, he has enough cash to live fine for awhile, but it's so stupid. He and my mom want to move or get a summer house and they have so much of their networth tied up in stocks because my dad doesn't know how to place a sell order.
I told my boomers to sell right before the dump. The thing is boomers need to hear news from another boomer on tv, then it's credible.
India?
Because youre worthless scum yourself
February of this year
>Mid 60s parents preparing their house to put on market for retirement
>Neighbor gets them an offer from someone they know for ask before they put it on the market
>Father refuses offer to post a higher price
>House hasn't sold
What s the story? Havent been here in some time, so need to catch up
Your Dad sounds fucking based. You're the moron here my man.