CoreyTrevorTotal privilege post. My parents back in the day told me they would match 50% of what I put into retirement. Little did they know I've actually been living comfortably enough to max out my 401k contributions. So I can't blame them for not keeping their word with that and I've never really brought it up because I feel like I don't need their money and I want them to retire. But they made the mistake of telling me they donated $15k to a boys choir in like England or some shit. Also fine, but I also told my dad about bitcoin a year ago around the time they donated that money and he shrugged it off saying it was a bad investment and a bubble. Well fuck, if he would have just put a portion of that 15k into bitcoin instead... I don't know if I should tell my parents how they fucked up or if that will just create more doubt in their life. Also we got a financial planner and she convinced my wife to not invest any money until she has 8 months of savings in a bank saving account. Look what the stock market and bitcoin has done since then.. I hate these old school financial planners. So it's ok to assume me and my wife couldboth lose our jobs for 8 months and not be able to sell any of the assets we have, but I'm a crazy prepper for buying gold and silver? f'k that
I was going to say definitely leave it, but if they donated 15k to some random choir I'd bring it up and be like "thanks guys".
I get the whole keeping saving for a rainy day thing. 8 months seems a little overkill though if you really needed it, you could get that money out, even if it's at a loss.
As far as bitcoin I wish I had just done it. I still don't understand enough about it. I guess it's getting so legitimate it can't really get shutdown, but that was one of my fears. I thought about getting in when it was upper 200s low 300s. I didn't know if it would go much above 700 and how long that would take. Never really though it'd go over 1k. Fuck.
At least I tripled up on silver 8 or 9 years ago. Did the same thing though. Told a bunch of people about it when it was 10.17 it eventually got up to 26 within a few years. I sold all mine by low 30s though. Ended up needing to replace an engine in my car and I had done alright.
Fuck though. People got rich on bitcoin. If I had gotten in on anything low I would get the fuck out though. Good for them, shame on me lol