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!