Quote:
Originally Posted by Slava
I see this all the time, and clients will make these kinds of investments both through me and on their own, because its "play money". Some of the reasons that people buy various investments is just so interesting.
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When my dad retired, day trading became his hobby. He was buying and selling on a daily basis. He bought stocks in the companies my sister and I worked at - even when we warned him not to - because he thought he was being supportive.
When I took over his finances after he was put in care for dementia, he had frittered away his bank account to under $30k. Thank God my mom had a separate account where all the real savings were.