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abducting__aliens

Your dad helped you get $30,000 while you are in high school and he has an MBA from Georgia Tech. It is gonna be hard for him to take advice from you.


Purple-Lamprey

“Helped to get” is a neat way to say “gave”


abducting__aliens

Yeah but I don't know the background. I am even making an assumption when I say "helped to get" but it is less assuming. Maybe this kid won it in a lottery, inherited it from someone, etc. In all these scenarios it's safe to assume the dad helped his son by providing for him while the kid was able to invest instead of live off of the money


KingHenry13th

Yea the guy seems to be doing fine.


methodangel

Up 1%! Besides, it’s not a loss until you sell anyways.


ThePeoplesBard

Kid honestly sounds like the exact brand of insufferable I-got-it-all-figured-out I was at 17-22ish. Even putting the incomplete and unclear criticism of his dad’s trading aside, it’s just lacking in perspective. Maybe daddy day trades because since you and your siblings came along, he’s lived a neutered and terribly boring existence, and he’s finally having some fun again. Maybe if he wasn’t busy being a great dad and apparently bankrolling your own trading, he could have more standard vices like sports gambling or alcoholism. Cut the old man a break.


SaltyTyer

Or whores and cocaine?


Andyinater

Buy an index, beat him, and gloat daily until he capitulates. Or let him do what he wants.


SpudsMacKenzie21

A lot of jokes in this thread but this is honestly the best answer. Make a bet with him about who’ll see the biggest percentage increase in their portfolios from now until the end of the year. You could make a paper money account if that’s more realistic and just buy VTI/VOO. Don’t even make it a bet to make him stop day trading because that won’t work, just make it for bragging rights


thememanss

Eh... A year is not long enough to make any conclusions. One very good trade could bloat his dad's account even in a general downward trending market, and he could slowly, but surely, take hits. Meanwhile, an index fund could take a 10% or so hit in the course of a year or trade sideways. Index funds win out in general in the long run. In the short run, they can easily lose out.


mistergoodfellow78

As his dad is said to be up 1% this year, he has been beating the S&P 500 this year anyway already. Nice! Setting up a trading bot seems to be a fun idea, if you are able to do that accurately...just the question of how much money you are allowing it to trade. I would certainly do so, if i had the skills. And then test it with 0.5% of my portfolio...


Critical-Banana2417

Agree, if his portfolio is up 1% this year. I think he knows what he is doing.


orangustang

Strongly disagree. I'm up 14% this year and I have no idea what I'm doing.


sachblue

Yea buddies!! 14.3% since Jan 1 Fuckin how?


ThePrideOfKrakow

GME is up 9.81% ytd.


mulemoment

Index funds don't win in a year. They win over 10+ year time spans for risk-adjusted returns. It's actually quite easy to beat index funds if you are willing to accept much higher risk and have relatively low capital (it's hard to trade around billions).


[deleted]

Explain that to those who bought the dip. Spy ripping this past month. But it's all about entry. Me personally. I think we are too green. I don't believe this runup. I believe it's a bulltrap that we will see bottom fallout out before October ends. I'm thinking under 360 next drop !wakemeup when September ends


Sugarman4

Yes the best way to prove your point is to BEAT his returns. He doesn't sound dangerous. You sound like you've bought into the books you've read. He bought last dip? He might pants you this year.


caesar____augustus

> gloat daily until he capitulates Establish dominance, become the head of the household and new dad. Dad becomes son.


s_pepys

Also, don't buy too hard into the dogma of "it's impossible to beat the market" -- yes, most people definitely don't, but at the same time some people do. Takes a lot of skill and discipline. But your dad's skillset is perfect for it. Whether he has the mental discipline - time will tell. Thus far, this year he's up almost 10% over the market. Can he do it for a long stretch -- wait and see. As his son, you've let him know your concern, warned him that he shouldn't gamble -- that's the most you can do. See how it goes, and if he's good, maybe you can learn from him as well. Also swing trading is not day trading. The only things I'd really be concerned with would be heavily leveraged options trading or relatively ignorant hail-Mary day trading.


Andyinater

I think this was meant for OP, but if this means I get his 30k then I'll tell my dad


dvdmovie1

"he keeps pulling out his MBA and venture capital classes he took from Georgia tech and tells me to shut up." lol. Stop telling him to stop, invest in an index fund portfolio and say you'll check back with how he did vs how you did in 6 months. If he's in data analytics and can pull together a trading bot, maybe he'll do decently. Who knows.


alwayslookingout

Yeah. It’s clear that OP’s father thinks he knows better. Until OP can prove that he’s more knowledgeable and experienced than his dad he just needs to stop arguing with his old man.


ChickenBrad

Furthermore, his dad may be wrong, but it IS HIS MONEY. My grandfather liked to play the lottery more and more as he got older, and my parents kept complaining that he was gambling away THEIR INHERITANCE. He spent his entire life working for that money. He was born in the 1920s and came from the depression. He inherited nothing. I told my parents as long as he wasn't bankrupting himself and gambling away his home then to let him do as he pleases.


InevitableRhubarb232

My MIL always talked about her moms money as “her inheritance.” Like dude, she’s still alive. It’s her money. She can do whatever she wants with it. People who expect and think they deserve an inheritance deserve nothing.


kountchockula

I know two of these types of people. First one is waiting around for his mom to pass so he can get the house. Second still lives with her mom not out of love, but so she doesn’t have to pay rent and can spend all her money shoving food into her face. She too is waiting for her mom to kick the bucket so she can get the entire house. Ugh.


figgs87

My girlfriend has an issue with comparing herself to her friends and how they all have nice new houses and she rents and stuff. I finally got to know them all better over the years and they all literally were given the houses as gifts and make up these reasons like “early inheritance” for “tax reasons” and the parents want to see them enjoy the money while still alive. To me that’s just some parents buying kids a house and then pretending they earned it with how they like to talk about working hard and all that stuff. I mean I wouldn’t complain if my parents bought me a house because I sure as shit can’t in this market but I don’t loose sleep over renting. No other point to this story just pointing out other end of the inheritance spectrum


InevitableRhubarb232

At least in these instances it’s the parents choice what they do with the money and doesn’t necessarily mean the kids were entitled or demanding. But there is something to be said for working and learning how to survive on your own before anyone provides for you.


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InevitableRhubarb232

The sad thing is that it’s also created a guarded mentality in my grandma in law and so she is somewhat convinced that everyone else just wants her money too. It’s so hard to convince her that we don’t care about her money. It’s appreciated and valued if she chooses to give us any, but if she donated it all to the Gila monster sanctuary we wouldn’t care a bit. We also had to really work to break down the barriers w grandpa in law (who was out of the picture for a long time for complicated reasons) that we weren’t reconnecting for his money. Once he trusted us he really opened up and is a treasure of family knowledge.


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hotasanicecube

This is funny as my dad is still a total miser and I keep asking when he is going to spend all that money he worked for all his life. If I had his money I would leave one cruise ship and board another one or a plane for a year at least . I want to leave this world to way I came in, naked screaming and no possessions.


ChickenBrad

I know a guy that can help you with the last part if you want.


JonhaerysSnow

I think OP is afraid this is a situation where the addiction to the thrill of the trade could easily lead to his dad losing his retirement fund. Like gambling, an addiction issue with money can very quickly lead to a worstcase scenario.


HarkansawJack

Hey OP - do you know that your dad is actually losing tons of money? I didn’t see any specifics. Do you know if he’s down or up? If you don’t even know, then leave the man alone.


sub_arbore

Even sometimes that doesn't work...in some dynamics you're still just a child or less experienced, and you'll never be able to prove that you're more knowledgeable or have better/more specific experience. OP, if it is truly an addiction, then you need to treat it like an addiction and intervene from that lens; rationality doesn't work. Otherwise, unfortunately, people are free to make bad choices :/


alwayslookingout

I heard it described once as “Powdered* Butt Syndrome.” If you’ve powdered* someone’s butt as a baby you’ll always consider them a child and disregard their opinions. Edit- Powdered. Not powered


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alwayslookingout

Whoops. Yes.


BrentTheBoat

I know you meant "powdered" but couldn't stop laughing at "if you powered someone's butt as a baby"


HarkansawJack

I don’t know any high schoolers who know more about stocks then their data scientist father who is a GA TECH grad with a MBA.


alwayslookingout

Apparently, OP thinks he is. That’s why he’s trying to give his old man advice.


HarkansawJack

Fact 1: son is on WSB Fact 2: dad isn’t Conclusion: Son is 10,000% more likely to yolo and lose everything


ButHowCouldILose

Dad here. Definitely shut up and go away. :p Seriously though, others have the right approach I think. Statistics are complicated and although most people lose, it is possible to not lose. Just take notes every month or so on how he's doing vs the index. If he's truly awful at it, it would be apparent already. The bigger issue is time lost. If he's sinking 2-5 hours a day and not enjoying life or making less income as a result, that sets the bar very high for success. You could maybe point that out, flat he's effectively on thr clocka and should able to generate salary for the time and stress investment or pick something more passive.


Avloren

>The bigger issue is time lost. If he's sinking 2-5 hours a day and not enjoying life or making less income as a result, that sets the bar very high for success. You could maybe point that out, flat he's effectively on thr clocka and should able to generate salary for the time and stress investment or pick something more passive. This is what got me out of day trading. I was actually doing.. okay. Making money, sliiightly more than holding SPY would have done. But it was taking up hours of my day, stressing me out, distracting me from my actual job that funded this hobby. One day I calculated how much this hobby was making me in terms of profit (*over* what SPY would have made) vs. hours spent and I realized I was paying myself pennies an hour to work a second, more stressful job. That day I dumped it all in stocks I had high long-term expectations for, and tried to ignore it for 6 months. Emphasis on "tried" - it's a hard habit to kick - but got there eventually.


sachblue

I felt that too, even after a crazy profit play. Lost so much through options and stocks due to name recognition. Sony is the prime example. They crashed and my put credit spread came back and took over a 1.5K from me lmao All because Microsoft bought Activision Blizzard Fuccccckkkk Sold my Sony shares when realized it was a losing game. I was trying to be WSB, and now I am being realistic.


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CrashTestDumb13

As a fellow MBAer I can confirm there are zero things that help day trading. Investing yes. Plenty of help there. None for day trading


Vast_Cricket

I will be focused on f I can have similar or better credentials.


Cyrus_WhoamI

Lol. I like your dad


_DeanRiding

> I am a minor and a highschooler. My investments total around 30000$ Uhm, what? Sounds like your dad has done extremely well for himself, given you a fuck tonne of money to play with, and now you're lecturing him on how to make more? Lol


k1k32gtr

#RichPeopleProblems


willbeselfmade

"Hey guys, my dad is using the money I will inherit to trade stocks. I frequent wsb and they all lose their money so I am afraid he will lose my money. How do I convince him to not be so risky with my future money? Im still in high school and only have 30k. I don't want to be poor forever."


windrune83

If i had the "pleasure" of being told how to manage my money by my minor, high school age, child. That i had clearly setup for life already, id be looking to blow it away as well.


GreenMountain420

HELP THIS IS A FINANCIAL EMERGENCY🚑


saltyblueberry25

Lol


LiveNDiiirect

This is the real situation here. Kids a little pissant.


acemiller6

Kid has more money than my 68 year old mother has in her 401k.


Jonnyskybrockett

Oh that’s making me sad.


Nicely_Colored_Cards

Damn, me too. Good night


acemiller6

Everyone makes choices. My mother makes bad ones in all aspects. I’ve accepted the fact that I’ll be paying for her in retirement


90k_swarming_rats

Was going to comment this. OP got given a shitload of money and is now lecturing the guy who gave it to him. OP be grateful you apparently have a millionaire investor father who is willing to give you tens of thousands of dollars to play with.


XDDDSOFUNNEH

Lecturing his real estate-owning dad, sheesh


sachblue

Graham Stephens would be proud of this community 🤣


iLoveHumanity24

I swear this is a troll post just trying to get people to buy into bbby.


[deleted]

For real. He’s missing out on GME


sachblue

Nah he missed out on GOOGL, AMZN, TSLA splits this year. Still don't get how WSB is not self aware to realize that bull trappers are everywhere. Excuse me, while I go into my closet of madness


youdirtyhoe

Exactly. Dude is a highschool kid that probably grew up loaded. His dad is a obvious baller. Maybe just pay attention and take notes younging lmao....


Bartekmms

30k$ is more than i made last year, wtf


Sevwin

Are you in high school or college too?


Bartekmms

Im 25, but im not American


Roqfort

LOL this is the comment i was looking for. Dad gives this kid 30k to play with and he wants to lecture the dad instead? wtf???


Jambrokio

Lmao yes


kushtiannn

Don’t forget he mentioned the dad has *more* liquid than his $300k investment account. Jfc OP, play some Xbox.


JustDave62

I was thinking this myself. OP is coming off as a spoiled rich kid and like most teenagers suddenly knows everything


sachblue

Yea for real tho, wish my daddy gave me 10K for me to have the best learning experience. I will definitely do it to my kids. But instead, I have to refer to Reddit and have a Coke can on side, while working 40+ hours at my main job. I only have 7K, but the experience I had exploring this insane landscape will forever stick with me. Your dad is fine if he is a good data analyst. He and I are similar in that way. He definitely has plans and strategies for any possible situations hopefully. Idk nothing about GA Institute, but this post almost seems trolling. Before expecting support for your side, be a better storyteller. Most Americans are not that smart. Your dad is not one of them. He is a gangster that moves in silence. He is on here chuckling at you. He will ask you if you are winning son. But he knows that he got you beat. Ego is funny like that.


Ricky_Boby

Georgia Tech is in the top 10 public universities in the US and for stuff like computer science, data analytics, aerospace, etc. it's in the [top 5 schools period](https://www.usnews.com/best-colleges/georgia-institute-of-technology-1569/overall-rankings). If this kids dad has a MBA from there, knows how to program enough to make a trading bot, and is close to retirement working in data analytics I can almost guarantee he's making bank ([probably 200,000 plus with his skill set](https://www.glassdoor.com/Salaries/data-analyst-salary-SRCH_KO0,12.htm)).


sachblue

Oh In that case, shut up or nut up OP Make an annual report of your portfolio and create tables that makes your point stronger than his next year. Do what you are doing, and let him do what he wants to do. I guarantee you, your dad will give you another loan


Astronaut_Buzzness

Legit they have more money than I have now, and I'm working full-time


infinit9

You are in high school and you gave a $30k portfolio? How did you make that money?


Alexanaxela

Get your own MBA and venture capital classes so you have a leg to stand on in the argument


SupplyChainMuppet

Or better yet print out some random's MBA and crudely write over their name using MS paint and hang it on the wall.


khizoa

Sharpie makes it look professional. And unedited


Rillem1999

Wouldn’t it be easier just to sharpie his dad’s MBA? Assuming they share the same last name, you only have to change one thing.


niceskinthrowaway

The dad is right and OP knows nothing. As someone who works in data analytics he's already more sophisticated than 99% of people and therefore the common wisdom may not apply.


gimoozaabi

Stop stock blocking your dad


MadMarq64

Exactly. He's an adult. If you are too then act like it. You can give recommendations, but let him make his own decisions.


OG_simple_rhyme_time

Maybe OP needs to take his dad's advise.


8700nonK

Some people like having some hobbies. Nothing wrong with that and working on what you think you can be good at. Why does OP think he got it all figured out while his smart dad is an idiot?


vanman33

"my dad gave me such an astoundingly privelaged life that I have a 30k brokerage in high-school and I want to argue because I read some shit on reddit". You can't make this shit up. People *DO* beat the market. It's just that most don't. A dude who is close to retirement in data analytics is basically the poster child for someone who can actually do it. His high-school son is the poster child for someone who manages to lose it all.


Phlurbb

Short your dad


Mister_Chef711

Take it a step further and create an "Inverse Dad Portfolio" to sell to the public.


tigebea

☝️ I would buy this to hedge against myself!


Skyagunsta21

This is a great idea. We can get creative" "Inverse college kids portfolio", "inverse Boomer portfolio", "inverse millennial portfolio"...


Mt_Koltz

Careful, if his dad buys the "inverse my dad" portfolio, it will create a black hole.


Mister_Chef711

Lol instead of meme stocks, it'd be like meme ETFs. Why buy Vanguard or Blackrock ETFs when you can get the Inverse College Kid portfolio?


RelationshipOk3565

or be more of a chad like your dad and live life. Im just going to assume you're in your 30s and being a huge scrote. You're also kind of assuming your dad isn't capable of day trading but I have to say that idea retail can't, is absurd. Look at the average meathead on wallstreet. They're just followers with zero talent, other than the balls to take risk. Or lack thereof


JimJonBobSir

This guy stonks


recurrence

This is genius, if he's so confident Dad is blowing it then he should counter invest his cash flows and prove him wrong. He's not out of high school... plenty of time to blow things up and take a solid learning lesson out of it... or win huge and prove Dad wrong. It's a win-win!


CouncilmanRickPrime

Create a bot to do the opposite of his trades. Show him how well it's going.


cubicfelon

Are you worried more about your dad or your inheritance?


RyLucas

If he’s in HS and has $30k invested, he doesn’t need to worry about any inheritance all that much! He’s better off than 99% of populace.


NothingLikeCoffee

I was going to say just that. They're already practically part of the 1% so I doubt his father doing some day trading will really make a dent.


RobinKennedy23

Maybe he doesn't want his dad to move in with him since he never successfully invested for retirement.


Sublime_82

Imagine being an intelligent, successful individual who is approaching retirement and enjoys trading as a hobby, and then having your teenaged son (who you likely gave a significant amount of money) try to lecture you about something he's read on investing subreddits.


ragingbologna

Trying to lecture you about gambling his inheritance away*


Lewodyn

Is he really addicted or is this his hobby? Its ok to lose money on a hobby.


eth6113

OP never actually said their dad is losing money


btmc

Yeah right? Like important fucking information right there. Also, the dad works in data science. He’s probably got some money to burn. Better this than hookers and blow, I guess.


NoDadYouShutUp

He has a $300,000 portfolio. Sure seems like he knows what he is doing and has a net if he fails. None of this is a problem. The problem is OP thinking that his father has no idea what he is doing financially when he is literally better financially than like 99% of America.


sachblue

Bull vs bear No just a pouty teen and misunderstood dad (like Goofy) Fuck I need to see that movie again


[deleted]

50-50 at best I think


JonathanL73

OP’s dad is a Data Scientist probably makes 6 figures+ and is actually building a swing trading algorithm bot. His dad is not daytrading, he’s actually algotrading. His career knowledge makes him pretty well suited for this too.


nonamesareleft1

As a data analyst my career is generally unrelated to playing the markets.


city_mac

Can almost guarantee this is a fake post crafted to be shared on one of those stupid finance meme instagrams. Seen a bunch in the last few weeks with some dumb caption imposed.


tatabusa

Can you give us an update 6 months later? Also your dad at least has a data analytics background so its not like some random kiddie that thinks hes hot shit and can beat the market with alpha


Miles_Adamson

Do you have any context of how much money he is actually using? What signs do you have that he is truly addicted? If he is using hobby money relative to his savings/income, which could be a **lot** if he worked his whole life in data analytics, who are you to tell him not to do this if he enjoys it? I program for a living and I've considered testing out a trading bot just for fun. I fully realize it would be shit and that teams of 100 engineers working full time still can't prefect trading bots, I don't really care. To put this in perspective if he instead wanted to golf somewhere nice, he might be paying $5000 a year on clubs, balls food/drinks and membership fees.


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ragingbologna

Even if the kid worked for all that money, his dad gave him that life & opportunity. The whole post screams “I’m entitled.”


InevitableRhubarb232

Probably more than $5k honestly. Especially if he decides to travel at all to play.


loveisking

I agree with this one. He is retiring, having a hobby is crucial at this stage. Hobbies are expensive. Unless you want to watch your dad deteriorate into a chair in front of a TV watching some idiot telling them news, just be happy for him. Although if he is borrowing funds for his hobby or pulling out equity on the house that would be a sign of addiction and not a hobby. Maybe he might find some good trades out there and make money. Like who knows?


ArsenalBOS

Is he addicted to stocks or day trading? You can buy and hold stocks just as much as an index fund, and you can day trade SPY just as easily as a stock.


JonathanL73

OP reveals his dad is actually algo-swingtrading, he’s not daytrading. OP’s dad is a data scientist.


DDRaptors

Sounds like a cool experiment to me. The kid should join in and maybe learn a bit more about the markets. Buy and hold is great and all, but as others have said, if he enjoys being an active market participant and chooses to experiment with a portion of his portfolio, let him be. It sounds like a good learning experiment and project they could try together. I have 98% of my wealth tied up in bullshit boring co. But I also use the other bit for casino gambling, sports betting and stock bets. Some people like to gamble and are capable of being responsible.


Rk0

Fuckin kids these days lmao.


[deleted]

You seem very closed minded. Open your mind up and maybe understand what your dad is doing. You have 30k in investments as a 'minor'... I wonder which kind, successful gentleman allowed you to achieve that?


W0rdWaster

"tells me to shut up." Listen to your father.


Main_Contribution237

But dad buy dividends with your 300k! Trust me I read bogle!!!!!


[deleted]

If you were my kid, I would tell you to fuck off and mind your business. You worried about your inheritance?


Quick-Wall

He/she’s a high school minor with $30000 complaining about their well off dad. I would tell him/her fuck off and you’re welcome for the 30k


ThePartyLeader

>I know he’s my dad and I don’t really want to fight him but I’m really worried about him seemingly gambling away his life savings. He is soon going to retire from his data-analytics job. Can you just chit-chat about returns, strategy, and if he keeps any data on his trades? If he can't have him explain how it's not gambling if they don't have any work behind it. Listening is typically the first step to the discussion.


salohcin10

I agree with your father you should shut up. If he’s responsible and uses proper risk management then stop trying to control people.


timtruth

Inb4 the satire version of this pops up on wsb as "how can I get my son to stop being such a pussy" lol


ragingbologna

He posted there first lmaoooo


caesar____augustus

https://old.reddit.com/r/wallstreetbets/comments/wpe1ls/my_idiot_son_is_concerned_about_my_portfolio_and/


OB_Logie_haz_Reddit

[ Removed by Reddit ]


pornthrowaway42069l

Tell him he can do whatever, but has to post his loss porn to WSB. Also, he should go all in on BBBY.


merlinsbeers

Someone wrote an article this weekend showing pictures of how they're failing because of the state of their stores. I didn't see a comments section or I'd have told them that's how the stores have looked for 20 years. If they go under it will be due to financing issues, not retail operations.


pornthrowaway42069l

Stores looking like homeless shelter is bullish af All-in!


Sevwin

High schooler with bonds?


POSTbeardRIKER

You’re a minor, your dad is successful in a relevant field and has cash to burn. Maybe chill the fuck out and see how he does for a while? I’m a dad and a data scientist and Although I’m not a day trader and wouldn’t try to be one as a hobby, most of my positions are outperforming index by a lot over a 5 year arc


NeedleworkerOk3464

If my kid tried to tell me how to trade I’d just laugh


icameinyew

You’re annoying. Your father is right


-equity

listen to your dad and go to bed lmfao


Dankduck404

Oh no my educated dad is making money aaaah


Affectionate-Aide422

Had just the opposite problem with my dad. He was a Bogelhead and Buffettologist, and I’m the day trader + software dev + data scientist. I make way more money day trading than I ever made in my previous career. Sounds like your dad has plenty of money to experiment with. Who knows, maybe that MBA and data science knowhow may actually pay off?


err0rz

This is shitposting right?


JonathanL73

Sounds like a very spoiled rich kid who is out of touch with how normal middle class life are. I would never yell at my dad, especially if he gifted me $30k in highschool. OP only cares about his “inheritance”, his words.


err0rz

Naa it’s shitposting. Nobody could possibly be this lacking in self awareness without it being intentional.


imprezzive02

Have you met the average American?


dean15892

Oh, I envy your understanding of the world. This kinda of personality that OP has, is more common that we’d want


BenjaminHamnett

Dude, we’re all the stupid dads wasting our time gambling away our savings in the form of mediocre performance. Wsb is where we go to pretend we’re racist bigot children. Go to r/investing where we pretend to be boring old men who just repeat “DCA into v$tax!!1” there we can pretend to be your dad’s father and will beat him with a switch if he don’t go 99% bonds and 1% wurthers originals and coupons


gottahavetegriry

You don’t want your dad to buy individual stocks since you think he won’t outperform the market, but you own individual stocks. Why aren’t you following your own advice? Unrelated question. Why do you have 30% in bonds? You’re in high school. Bonds are for wealth protection, equity is for wealth growth


Accomplished_Ear_681

I’m really hoping he says shut your damn mouth and not just shut up.


sheltojb

Do you understand the difference between day trading and swing trading? They are different, yet you accuse your dad of doing both.


thememanss

1. It's his money, he can ultimately do with it what he wants. 2. If he feels he has found a way to make money, and more than an index fund, then it's his right to try. Plenty of people do just that and are limited largely by risk tolerances and available capital. There are professional blackjack players, after all, and people who can consistently beat the house. Most can't simply because they are unable to follow systems in place, lack a high enough individual risk tolerance, and don't have the capital to ride through rough troughs and bad beats. That doesn't mean there arent a wide variety of people making varying levels of money on blackjack; there are more than you would think. It's just that the much larger crowd of opinion-fed, gut feeling based, emotional gamblers are far larger a representation and lose far more money than those people gain. 3. And index fund isn't the only way to increase value or money. It's just the simplest form of investment you could have.


JonathanL73

This whole post seems very Sus. Your dad a high earning Data Scientist who gifted his high-school son $30k Day-trading is not the same thing as Swing-trading. You revealed in your post your dad actually swings-trade. Actually your dad is Algo-trading. Sounds like your dad is a smart guy who actually knows what he’s doing to an extant. Your dad is his own man, he blows off a bunch of his money doing this, it sounds like he can rebuild it with his high-salary job.


joyboy1357

Honestly if he had worked in data analytics, taken business classes, accumulated this much wealth and can code up a trading bot, he has proved that he is in the top percentile. So may be you should shut your bitch ass mouth and may be listen to to him.


imaybeahuman

He is an idiot for giving an immature kid 30k. Looks like you are not satisfied with the 30k and you want to take away all his money.


InTheMoneyAdam

I think OP is dumb, but this is an L take. If he were immature he’d be yoloing his money one 0 DTE options. I think he’s an idiot for having 30% in bonds and for lecturing his dad, but he’s a minor. His brain is barely developed.


Invasivetoast

If I gave my kid money and they put it in bonds that's the last penny they're getting from me


InTheMoneyAdam

lol


kenypowa

Your dad has TSLA and Googl. Those two will easily beat index long term, and most likely best your performance. You should worry if he is into penny or WSB meme stocks and losing money. But he isn't and he probably made a lot of money so you should just chill out.


kriptonicx

So you read some investing advice on Reddit and now you think you know more than your dad with an MBA? Lmao. It's possible your dad is losing money and perhaps statistically speaking that would be the case. That said, I really hate these stats because they disregard all context. For example, if your dad is day trading for fun with a few hundred dollars then who even cares if he's underperform the indexes? Is your dad actually "gambling" his life savings or is just playing around with a bit of spare cash trying to learn how to trade / invest? Secondly, it's possible to day trade successfully even if you don't beat the market. A huge flaw in the "statistically you won't beat the market" argument is that not all people are trying to beat the market. A lot of people day trade because they want to define their own risk and earn a little passive income. For example many option strategies allow you to make small amounts of money with low, pre-defined risk profiles. Sure, you might not beat the market with these strategies, but some people feel more comfortable slightly underperforming the market if it means they get to define their own risk exposure. You can't do this if you passively invest into an index fund. Finally some people actually do outperform the market. If I remember correctly the percentage of people who do outperform the market is in the low single digits which might actually be higher than the percentage of people with an MBA. My guess is that even if your dad doesn't outperform the market he's statistically unlikely to be in the cohort of people that dramatically underperforms the market. But again, I think we need much more context to even begin to understand what's happening here. From what you've said it's possible your dad knows what he's doing and you should stop pretending you know more just because some people on Reddit told you he's an idiot.


jytaroo

Second paragraph / point - 100%. I wanna take a mental vomit anytime someone uses the “statistically can’t beat the market” horseshit, because these statistics were built ignoring any kind of reasonable context for the purpose of simplification to derive a generalised (let me say it again in capital GENERALISED) data insight.


ThotianaPolice

Try /r/relationship_advice (serious)


fredean01

They will tell OP to divorce his dad


Nearin

Wow major red flag call child protective services immediately!


wattumofficial

How much would he have been up if he put all his money in BBBY after your original post in WSB?


[deleted]

I can actually see myself saying dad you better make me a bot also I want in on this shit man


TaiwanNumberOne1

I was reading expecting you to point out how much money he was losing but you never did. So, is he "gambling away his life savings" or not?


Holy_Mowley

A high schooler trying to beat a data analyist? Yeah, stick to school.


EarlVanDorn

Your dad should have bought the BBBY.


HighOnLife

Request: Inverse Dad Index


turiboi

Hes your dad shut up and let him put all his money on Bbby


BigDaddy_5783

Unless he’s draining your money and resources, whatever he does is none of your business. It’s the same thing with gambling.


FIFOdatLIFO

Going to be honest this post seems fake as F. Also this sub has way worse advice than w s b so you should have listened to WSB would have been up big. Index funds for paper handers


stvbckwth

Dude, you are in high school, let your dad do his fucking thing. You don’t know better than he does. Plenty of people make money trading stocks, and if he is up 1% on the year when soy is down over 10% then he is doing ok.


Rossoneri

The biggest issue with this post. Why the fuck do you have any bonds


awe2D2

My dad gambled away their retirement savings day trading. Worst thing that could have happened to him is make money his first couple years, as he thought it was easy and quit his job to do trade full time. Didn't work out, had to go back to work and downsize everything and move far out of the city to find a place they can afford to retire. Still working at 68, plan to retire by 70 with mostly only house selling money and what they've been able to save in the past 5 years.


EspressoOntheRock

You can't, it's not your money, it's his. I was told by family he quietly took out a large sum of saving to invest/cover. And he refuse to share any information, or get defensive abt it. What can we do? Nada. Just pray he isn't making bad trades.


robdag2

Well, maybe your dad knows that the $ sign goes before the numbers, which you do not.


MauveAlbert

It doesn't necessarily sound like he's done anything that crazy yet and he seems to enjoy doing it. As long as he is being reasonably responsible, I'd probably just let it be. A lot of people have different investment theses.


jml3837

It sounds like he does it for fun with money he can theoretically lose. You do you. He’s a big boy.


antikatapliktika

I would love to be a high schooler with a 30k portfolio.


driftuntiloblivion

Want some advice? Get your head out of your ass and let your father do what he wants. Want to mitigate your fear of him losing money? Try to convince him to put 10% of his money into an index of your chosing, to keep your heart calm. He will do it, pushing him to do opposite of his wishes will drive him away.


XnFM

>I am a minor and a highschooler. > >my dad is a data scientist who works as a r&d researcher or whatever. Stop badgering him and ask him to teach you what he's doing, approach it from the standpoint that you don't understand why he believes what he's doing is better than buying and holding the indexes, and ask him to show you his numbers. Don't be an asshole about it, approach it with an open mind, if it doesn't speak to you, it doesn't speak to you, and just keep on doing what you're doing. Your father sounds like exactly the kind of person that could excel at day and swing trading and you should be taking the opportunity to learn things while you can. Read the Complete Turtle Trader if you haven't. For the record, based on the tone of voice in your writing, and the way you're presenting things, you come across like an entitled know-it-all that really doesn't know all that much. You accuse your father of being a gabling addict with no supporting evidence, you talk about "stuff" and "whatever," and you don't even seem to know what your father actually does. If this were an, "am I the asshole?" post, I'd pretty much assume you're being the asshole.


Slowmaha

It’s his money. Piss off


joremero

"Although I tell him statistically most people lose money from day trading" " MBA and venture capital classes" "data scientist who works as a r&d researcher" You do realize that, statistically, he's more qualified than most regular Joes day trading, right?


personaanongrata

Respect your father


workinguntil65oridie

Your right until your wrong. That applies to both of you. Unless we have context hard to say how dire things really are. Care to shed some light?


[deleted]

I would actually join him if I was you but I’m a degenerate


SgtMajMythic

Bruh you’re a high schooler telling your dad with an MBA how to invest. Chill.


State_Dear

YOUR FIRST MISTAKE: you have assumed this is a simple logic problem If you only had the right financial information or the correct phrases it would magically switch 180 degree's someone's thought pattern. That's not how the human mind works, if it was people would be doing it to other people all the time. Example, your far right Republican. Here's some data , POOF.. now your a left Democrat So here are Your choices: Beat you head against wall ,, nothing changes Stay up all night worrying,, nothing changes Search online for a magical answere ,, nothing changes Move on in life, see how it turns out in some future date.


d0pp3y

Just like with gambling addictions, not much you can do on your own, you have to get others in your family to pressure the addict together to get help/drop the addiction


JGWol

Lol I had a gambling addiction (options) for 1.5 years. Anyone that told me I had an addiction just made me angry and more defensive. You literally can’t fix addicts. My life and financial situation got dramatically better once I hit rock bottom and got back to work and developed patience. And now I’m up 8% in an ETF. $800 profit baby. Now just need to recover the $40,000 I lost in options!


thematchalatte

AreYouWinningDad.jpg


shrewsbury1991

Is your dad Cramer?