Hi all,
Lost my son on Christmas and instead of pulling the plug decided to YOLO my liquid life savings into something to see if I can strike gold. Won’t touch my 401k and old pension, but I have about $400k in a HYSA that I was saving for a house.
If you had one shot to take a massive risk, what would it be? Bitcoin, single stock, etc.
Thanks in advance.
Don’t invest while depressed/suicidal.
Take it from someone who fell to the depths of their soul. It’s not your time to lose more than you have.
West said:
Don’t invest while depressed/suicidal.
Take it from someone who fell to the depths of their soul. It’s not your time to lose more than you have.
Sorry for your loss.
Take some to cover expenses of having time off and not having to worry about financials while doing so. Just take your time to grieve. You can call that the YOLO part.
You could put some cash into companies in a field your son was passionate about. Depending on age, I bet there can be something like Movies (Disney etc.) / Gaming (NVDA etc.) / Cars (any specific brand?) / Crypto (BTC)—you get the point. This way, he is kind of there with you in the journey of ups and downs.
Most importantly, take care of yourself. The pain rightfully never goes fully away, but one learns to live with it.
Sorry to hear about your son.
Dakota said:
Sorry to hear about your son.
Invest in going to talk to someone—like BetterHelp.
Dakota said:
Sorry to hear about your son.
Invest in going to talk to someone—like BetterHelp.
Maybe invest in talking to a licensed therapist or clinical psychologist and not a company wrapped in scandal for putting unlicensed charlatans in front of those in dire need (that also candidly admits to selling user data).
I’d wait a few more months before doing anything, dude. Take some time to chill out a bit and grieve. Then make a smart decision you want to do.
Wes said:
I’d wait a few more months before doing anything, dude. Take some time to chill out a bit and grieve. Then make a smart decision you want to do.
Yeah, definitely this. Take time to grieve, buddy. So sorry for your loss.
Nah, don’t, man.
A non-profit that is working to end whatever killed your son.
Lex said:
A non-profit that is working to end whatever killed your son.
This is a great answer. Losing $400K gambling won’t help anything.
Sorry to hear, man, but you shouldn’t be investing on emotion, especially not this large amount of money that you’ve been saving for a house. The only thing I would say is an ETF like SPY or VOO. Otherwise, you’re just straight-up gambling $400K. That’s not a position you want to be in. Trust me, the market can take a toll on your emotional and mental health. Don’t do it, bro. Take time to grieve. Be smart.
Put it in treasuries or some type of fixed income for 1 year. I would not make a big decision like that after having suffered that trauma. I speak from a similar experience. Take time to grieve.
Omg, as a parent I can’t fathom what you are going through. Don’t YOLO anything. He wants you to use that money wisely—for him.
If you lose it all, then you can’t even take time to relax and grieve. Doesn’t sound like a good plan, OP.
Take some of that money and go live in a beach hut in Southeast Asia somewhere like Bali for a year. Will cost you maybe $10K, and will remind you that life is worth living. Godspeed, brother.
Hold RKLB till 2030, and you’ll be a millionaire—possibly a multimillionaire.