When a parent retires with millions, you'd think the hard part is over — the saving, the hustle, the endless what-ifs of the market. But for one 27-year-old, the hardest part has been watching his father unravel it all.
In a post shared to the stocks subreddit, the son said his 68-year-old father retired comfortably over a decade ago after selling his business. He had built a strong enough nest egg to live off 3%–4% returns with no problem. Instead, he began aggressively investing in individual stocks — and eventually took out a $2–3 million loan to buy even more.
