/biz/ - Business & Finance

>>26462239
Call him retarded boomer, it always works, he will greatly appreciate that you come clean to him, also call him lazy for not studying tomorrows tech(blockchain)

>>26462239
If you want to inherit anything, don't have him buy crypto now.

>>26462239
It's actually a horrible time to buy crypto unless you're only shilling him bitcoin. Even then it's a horrible idea.

>>26462239
put a dildo in his ass and then you might get his attention. at which point you shill your favorite shitcoins intensely into his ears while whispering and wanking yourself off. you absolute faggot.

>>26462239
wait till he drops, inherit his stuff, sell everything and go wild with hookers and drugs

>>26462239
your dad is a lot smarter than you, zoomer scum

>>26462239
Don't try to convince him to flip the gold into other investments. The bonds (and fiat) however, you should convince him that they are doomed to spiral into worthlessness and move little by little to something better with a good yield. It might be worthwhile to suggest he take some new money and put some skin in the game instead of converting existing holdings. Once he get's comfortable, he'll decide on his own how he wants to go.

Just tell him to hold 5% in crypto as a bit of fun.

Anyone holding more than 10% in crypto is a degenerate anyway.

Here's the red-pill -- the older generation can not and will not learn. They have to see the physical, tangible benefits. Giving your dad the most straightforward, logical description of crypto and its benefits will have less of an effect than pulling up to his house in a Ferrari blasting Highway to Hell and proceeding to give him the middle finger.

>>26462346
This look at how much the DEFI coins have gone up over a 6 month period

>>26462239
You shouldn't, your father is a smart man probably depressed due to the fact his son is a retard.

>>26462346
>>26462462
Based.
OP, get back to flipping burgers and leave your father alone.
Hope he has less disappointing children.

Nothing wrong with gold. But considering the dollar is on borrowed time at this point he should drop the bonds.

>>26462564
My crypto stack grew from 3% to 20%
The rest is stocks

>>26462239
what Percent bonds and what percent gold? If under 10 combined he's doing just fine

>>26463007
Also if he had bonds before March 2020 he saw an amazing ROI on them as everyone was desperate for fixed income when the market crashed. I work in Finance and portfolio management and the one thing they always say is you should always have at least one holding in your portfolio that's performing badly, as if everything you have goes up at the same time it'll also go down at the same time

>>26462239
Tell him that a group of satanic pedophiles conspired to keep people out of bitcoin and are disseminating liars to keep people poor.
Satoshi came to warn people of the economic end times and designed a magic currency that corrects the monetary wrongs done by the satanic elites including George Soros. Peter schiff is a devil worshiper who secretly pretends to be against the system while luring the masses to paltry sum gains.
Those who trust the plan of bitcoin ie stock to flow will be greatly rewarded and will be able to buy expensive parts for their motorcycle.

>>26462239
BOND you say ?

>>26464562
>satanic
>motorcycle
based & redpilled

>>26464562
To add a layer of boomer crankery, tell him that nobody knows who Satoshi is and that he might be Donald Trump himself (smart with money) but pretends to be against bitcoin since he wants to avoid the wrath of the satanic pedophiles.
If he presses further say that he might be Q instead but it's disputed among the "hodlers" - a group of advanced investor computer wiz truthers.
When he says it's funny money or something take him to a bitcoin atm so that he can see it with his own eyes that it's real.

>>26464883
Then show him an article of Soros calling it fool's gold and implicate that Soros is evil and so is lying to enrich his globalist class while keeping the masses poor and asleep.

>>26462239
Leave your dad alone and build your own wealth

>>26462239
I spent 3 years trying to convince my mom to move one of her accounts with $60k from some wells fargo faggot that had given her a return of 2% over 25 FUCKING YEARS to be managed by me and I simply never succeeded.

Had she agreed it would be hovering around 3-5 million by now.

I love me mum but damn.

>>26465789
Did you have any financial success which could have garnered her trust?

I mean now I do. But I started with such little capital all it really did was pay for my final semester of uni and living expenses.

She moved it out of that scam faggots account at least, but its become a point of contention where i've given up trying to convince her to let me manage it and even if I did she'd veto out of principle.

Some of our convos got pretty heated back in the day and she simply dosnt want to hear about it.

>>26462239
Holy shit is this Peter Schiff? Man he looks like some old jew now.

>>26462239
Nope, wait for the dump

As other said, do your own business.
Talk him about crypto and see if he's interested, but you don't have to convince anyone.
Eventually you could fuck up or be more successful than your dad, but don't force the things.

>>26466871
this is similar to how I feel with my dad, the passiveness of it all is so infuriating

like they're just waiting to die so they can go to heaven

>>26462431
spoken with experience

>>26462564
Crypto is right around 90% of my portfolio lol

>>26462239
>bonds
Only a fucking retard would hold bonds in current year. Literally worse than cash.

>>26462239
Just call him an idiot to his face for not investing in anything early, ever; tell him that owning crypto now is like owning land on top of an inexhaustible petroleum reserve right when Henry Ford was creating the first automobiles. Tell him that he is literally a dumb goy and that he deserves to be poor, and have the goddamned jews use him as a slave while destroying all he cares about, and crypto is the only thing that can save him.

>>26469485
I have $300 in checking, $12k in credit card debt, and mid 6 figures in crypto

I will learning about equities some day but seems like a retarded buy right now

>>26462239
Cryptocuck