/biz/ - Business & Finance

>>26111606
Yes I do have an opinion: don't buy into it. I know almost nothing about GRT except that a few weekends ago some faggot hired a bunch of spammers to spam this board with bullshit. Obvious pump scam. Stick with projects/securities you fully understand.

>>26111753
We're currently in the bear trap phase, we're nowhere near the top. If you're really worried about it, you can put in 20% now and hold another 80% in cash for after the crash you think is coming so that you have at least some upside exposure in case you're wrong and the bubble really takes off.

>>26111526
>Corona is fucking with his business rn (gastronomy).
That's a horrible sign OP. He sounds like he's got FOMO and a need for quick money and if his livelihood is being fucked with, he's going to have no tolerance for big paper losses or will to keep his hands iron. If it were me, I'd get a contract written up because at any moment he could lose his entire business and demand an instant withdrawal, selling into a loss. Given that from what you say he only has cash savings and no other investments, I'd say his appetite for risk is actually extremely low. Whatever he's telling you, he's probably just got FOMO and a desire for quick cash, which is a terrible combination.

If it were me, I'd get the written contract and put him on the ETF+puts strat I said above. It's likely to pull decent gains as the market pumps while giving you great downside protection (and if you go a little heavier on puts, you can even pull profits as the market tanks). Another benefit of that strat is that if you have to sell immediately, regardless of what's going on in the market, you can be very confident in pulling out at least the initial investment if not more. That'll help both you and your father sleep better at night which is invaluable when you're dealing with business problems.

>>24674332
It's tough man. We carry all our past stresses with us forever, and the only way to lighten the mental burden and stop fighting yesterday's battle is to really thoroughly review what happened and the impact it's having on your life today and your plans to recognize and deal with it in the future.

>>24674854
The book The Richest Man in Babylon talks about this. Explicitly about not being a miser and enjoying your wealth (responsibly). It's a very short book and free online if you google it, if /biz/ had a proper sticky it should be the image.