Quote:
Originally Posted by CliffFletcher
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.
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It's so interesting, but men seem to gravitate to this. They retire, start watching BNN, and my career (where I have years of training, education and experience) is suddenly their hobby. They know some things about business and then buy companies with no revenues or ones that are trading at 22x sales and can't believe that they get blown up. It's fascinating.