ok so a guy i know is getting divorced, he's getting 300k euro from the divorce (his wife was the earner) and he's thinking about ways he can make the most of this stack of cash.
he's a total finance noob and he'll be starting from scratch, age 55, he's been buying books about investing in real estate.
he asks me for advice and my general line of advice to him is move to romania or Bulgaria, invest like 200-250 in something that returns at least 5-10% percent, teach some english and then live off the interest.
my true advice would be to tell him to go balls deep into btc, but i think that's too aggressive for a noob and he'd almost certainly end up losing it or shitting himself when it dips. btc requires mental work.
so I'm thinking, should i attempt to maybe orange pill him a bit, maybe tell him to start small and then drip feed him some videos ?
or should i just leave it? i want to help, but giving financial advice to friends and family is usually never a good idea!
I have a friend who‘s into real estate investment trusts and Nvidia stock etc.
I just incrementally feed him some insightful Stacker News posts about Bitcoin as an investment case, and let him make his own conclusions.
I’ve noticed it’s best to reference some authorities: gen X tradfi guys can be stubborn about taking advice from a Millennial punk like me!
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i think the drip feed method might be the way to go yes
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i dont know if he's ready for darth-level guides , he's an uber normie at the moment
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Let him be shocked by the naked truth 😂
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32 sats \ 1 reply \ @Taft 19 Oct
I think you should. You never know how he would react if you don’t try speaking to him about Bitcoin. Yes, Bitcoin requires mental work, he can be ready and opened to Bitcoin. Who knows?
i want to help, but giving financial advice to friends and family is usually never a good idea!
Don’t give him financial advice, just share your experience with Bitcoin and let him make his own research.
That’s what I would do.
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i might tell him to think about getting a bit as people usually get properly interested when they have skin in the game
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Just shit post a ton of memes and get him an invite to zbd or some other custodial wallet
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