/biz/ - Business & Finance

>>4489891
>>Student at uni
>>Barely make any money
>>Have $5k though due to cryto
>>Mother asks me where the fuck did l get that money from
>>Tell her about crypto
>>Gives me $15k and tells me to invest it.

GUYS
--------

STOP AND READ THIS:

"Benjamin Graham on Value Investing"

pg. 45

Why structure your incentives this way? Because it is your work they are taking advantage of.

You did the work of selling the product. Your reputation is on the line. She should either take the risk of holding BTC herself or give you your fair share of the profits.

Also, understand the liability for undertaking financial advice for others. You could in fact lose 100% of their money, through some means. You are probably doing something illegal, depending on your jurisdiction.

That is why I honestly would not consider managing someone else's money without a structured incentive like the one in pic. It just isn't worth it. I am managing $1k for a friend for a flat 5%. It is not worth it even if it just sits there. If it goes down its literally nothing for the work I did.

Honestly why not just sit down, hold her hand through registration at coinbase?