I don't know how I make decisions as a boy.
My father is a military man. He has served in this military sector for 25 years. His term of service is almost at an end. After two months he was going to retire from the job. He will get retirement pension after his service life in the military sector and he has many plans based on this retirement pension.
His first dream is to build a house with this retirement money. But right now in my country all the materials needed to build a house are very expensive so building a house right now can't be a good decision. And I don't feel safe keeping his pension money in the bank because earlier there was inflation in my country where some banks went bankrupt.
So right now I am not able to give him any proper advice as a boy. But one thing I've been wondering for a few days is if I invest half of my father's retirement allowance in Bitcoin, am I doing something wrong?
I feel like if I invest half the amount in Bitcoin for a year after receiving his retirement allowance, I might be able to hand over more money to my dad at the end of the year.
Hope I get proper advice from you.
First of if you would invest
his money shouldn't you tell him about it first?
It is his retirement money so he should be aware of it even if you have access to his money.
Investing it in Bitcoin isn't bad thing but at least let your father know and decide about it.
This should be discussed and decided with your family not with strangers or forum members.
Yes, it's true that the step that should be taken is to discuss it first with his father as the owner of the pension.
Even someone who has retired certainly has a desire or purpose for what his retirement money will be. even though it was his father's money, but the full right to what the pension money is is his father's right and he must agree.
and one more thing, I hope the OP pays attention to how the regulation of Bitcoin in his place of residence is it considered legal or in fact it is even considered illegal and unlawful.
don't let his good intentions to invest in Bitcoin actually bring legal problems to his father and family.