Today, I learned that my dad invested my entire college fund into some shady internet stock, despite my dire warnings about being careful. He told me not to worry as he'd done some research, and he guaranteed everything would be fine. Two hours later that same stock dropped almost 75%. FML
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Autumn: Leaves and Laughter
When the leaves fall, the laughter rises. Discover autumn stories as crisp as dried leaves!
Today, I found out my broker invested my $6000 in the wrong stock. How did I find out? He called me to let me know the stock crashed. FML
Today, my sister finally broke down and told me that our dad gambled away of all my college savings, and I would have to pay for school the best way I can. They have known for months, and when I asked why nobody told me, the reply was, "You're a college boy, we thought you would figure it out." FML
Today, I frantically told my parents that my bank account had no money. Turns out, they took the $1,600 I had saved up from a summer job and invested it in penny-stocks. I was grounded because they were "doing it for the family," and I'm being selfish. They also had lost it all in a matter of days. FML
Today, I was conned out of £50,000 by my own father, who everyone thought had been dead for 3 years. FML
Today, my dad came home from Vegas. Today, my college savings account is down by $64,000. FML
Today, I realized that when my dad said he would pay for my college, he really meant that he was going to forge my signature on a student loan in my name and not make payments on it. FML
Today, my husband had to admit that he lost 5000$ on a cryptocurrency scam that some asshole Twitch streamer convinced him to invest in via Twitter. FML
Today, I discovered my parents have spent my college fund because "2012 will happen" before I graduate. FML
Today, my wife handed over most of our son's college fund, in cash, to an investment scammer going by the name "Herp A. Derpson". FML
Today, I found out my dad spent most of the $500 I earned from mowing lawns on an Xbox 360 for himself. He was the one who encouraged me to put the money in the bank for college and to learn responsibility. I'm 14 years old. He's 37. FML
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Top comments
timinator5000 28
First rule of investing...diversity. Never put all your eggs in one basket.
RockPrincess26 16
Your dad shouldn't be allowed to touch your college savings.
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Comments (27)
DJRy 13
Not sure how anyone can think this is funny? That's ******* awful, especially since it's so hard to come by money for college in the first place.
oniontom 2
what a pity！
Danne696 14
Just saying, no loss is actually a loss until you sell the stock. It sounds like he invested in a volatile high-risk stock and it's completely possible for it to swing back to a profit before it's time to sell anyway.
PenguinPal3017 19
lol possible but unlikely. I follow a lot of penny stocks and they rarely go back up. They often go down 20X then up 2X over and over. News probably came out that was bad. "this drug is totally going to pass trials" - nope. "they are totally going to settle their lawsuit for millions" - settlement for $10,000. There's no recovery, not for years, if ever.
KeatonHanson 28
Seems like your dad should have his computer privileges revoked
RockPrincess26 16
I agree. What adult falls for that? Other than OP's.
yourwifelovesme 25
I'm known for being calm and very even tempered but the 2 things guaranteed to genuinely piss me off every time are when people screw with my money and when people screw with my car. I'd have gone off on your dad if I were you op. Props to you
Ian Lodge 7
All the more reason you don't trust the stock industry
UpUpUpUrs 6
75%? which stock exchange doesn't have circuit triggers?