My dad is currently addicted to stocks and it seems to be worsening.
I keep telling him to put his money in an index fund but he keeps pulling out his MBA and venture capital classes he took from Georgia tech and tells me to shut up.
Although I tell him statistically most people lose money from day trading he keeps acting like he can beat the market with individual stocks (he says that in the most literal way possible) and He’s going one step further and making a trading bot now.
I know he’s my dad and I don’t really want to fight him but I’m really worried about him seemingly gambling away his life savings. He is soon going to retire from his data-analytics job.
And although I know that some very talented people make money out of trading bots and stuff but It really is going against traditional knowledge on how to invest as a individual.
Previously posted this on WSB and immediately got a comment to put all the money in bbby. It was fun and all but I’d really like some actual advice
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