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31 sats \ 6 replies \ @grayruby OP 27 Dec \ parent \ on: "Bitcoin is not appropriate for an 80 year old" (part 2) Stacker_Stocks
He should be focusing on preserving wealth not growing it and that is the whole idea. There is already some other money set aside to go to the grandkids for their education when he passes away. This is just to preserve and maybe grow a little of what he has in case some years down the road his health requires him to need more care than his daughter can provide.
I dont think it is a bad idea.
He should be comfortable with where he is putting his money.
There is no reason to have undue stress.
It wont really matter, as time goes on, it will become a bigger part of his portfolio.
The percentage will rise because his 10% bitcoin will become more valuable compared to everything else he has invested in.
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Exactly
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maybe have a nest egg for medical expenses?
or he can buy a gun in case his insurance denies his claim
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My father in law has enough guns to arm the entire block. Haha.
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I forgot he is in Texas
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Most of my wife's immediate family has moved out of California.
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