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.
True, starching money in the bank for a long period is only a waste of asset and time as nothing profitable is attached at the end but if I should put myself In your old-boy should I would say you should let the old man breathe fresh air with his money by building for himself and family a place to call a home of his. There's no time the cost of things are going to get better or reduced not even building materials so people should always be ready to build the size of a house their money can afford for them, and I have the feeling that the old man's retirement benefit can afford him a good sizeable house looking at his years of service. Don't delve into the risk of crypto investment with another person's money despite your relationship with the person always make sure to use your own money and an amount you can overlook just in case. By so doing you have to owe anybody any explanation at anytime.
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.
If it's your own money then you may not be doing wrong but since it's another person's money then you're doing wrong . There are things we're advised not to do as crypto investors and traders: never invest/trade on behalf of someone with their money; never trade/invest with amount beyond what you can absorb in the case of a loss. Be mindful of the fact that market volatility may end up not working according to your plans for the end of the year.