Wow, I thought my parents were averse to the stock market, but this is really crazy.
So, at first glance, these really seem to be psychological and philosophical questions.
Anyone who calls for “maximum security” in every conceivable dimension (no volatility, no inflation-related losses, no banking risk, no sovereign crisis, no nuclear strike) isn’t really looking for an investment—they’re looking for a psychological shield against the fear of loss.
Then, to me, this “they don’t need the money” and “full liquidity” stuff is also contradictory. If the system collapses (which is what their fears suggest), that digital “full liquidity” in the account is absolutely useless to you.
So, as others have already said: If you don’t need the money, you don’t need to have it readily available.
Maybe you can win them over with a well-known company, like Coca-Cola or Colgate-Palmolive.
They’ve survived two world wars, the Great Depression, hyperinflation, countless stock market crashes, and everything else they’re afraid of—and yet they’ve been paying out even more money to their shareholders every year for over 60 years. That’s the truest form of stability there is on this planet. Cola and Colgate were around 100 years before them and will still be around 100 years after them.
It’s a tough one. I wish you the best of luck.
So, at first glance, these really seem to be psychological and philosophical questions.
Anyone who calls for “maximum security” in every conceivable dimension (no volatility, no inflation-related losses, no banking risk, no sovereign crisis, no nuclear strike) isn’t really looking for an investment—they’re looking for a psychological shield against the fear of loss.
Then, to me, this “they don’t need the money” and “full liquidity” stuff is also contradictory. If the system collapses (which is what their fears suggest), that digital “full liquidity” in the account is absolutely useless to you.
So, as others have already said: If you don’t need the money, you don’t need to have it readily available.
Maybe you can win them over with a well-known company, like Coca-Cola or Colgate-Palmolive.
They’ve survived two world wars, the Great Depression, hyperinflation, countless stock market crashes, and everything else they’re afraid of—and yet they’ve been paying out even more money to their shareholders every year for over 60 years. That’s the truest form of stability there is on this planet. Cola and Colgate were around 100 years before them and will still be around 100 years after them.
It’s a tough one. I wish you the best of luck.
•
11
•
1H
@JBatelli Thank you. After all this discussion here, I’m becoming more and more convinced that my parents have a fear-of-loss issue, not that I have a counseling problem. I can’t solve their problem for them. And I’m not going to let myself get dragged into it either. They’ll get 80% $XG01 and 20% $CSH2 —and that’s that. If they want to live with more risk, I can help them out. Until then 👋
•
11
•