Post
Topic
Board Bitcoin Discussion
Re: Dad's retirement money is invested in Bitcoin!
by
Ale88
on 15/06/2023, 00:25:23 UTC
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.
As much as I believe in bitcoin I don't think I would ever suggest my parents to invest half of their retirement funds in bitcoin, maybe like 1/10 yes, and that is already a very high stake. You better diversify also buying in the stock market but of course you must explain extremely well all the risks to your parents and make sure they put money in some kind of emergency fund just in case.