Hi
About a year ago my father sold his share of an overseas apartment he inherited with his siblings. My uncle took over and my father directed the money to stock market investments. Meaning he *gave it to an investment expert, in the hopes this person could get higher than market returns*. I know, right?
Markets are on a downturn at the moment, and the money is disappearing quickly. My father is interested in summoning said expert and "having a talk", whatever that means and whatever that can do... Getting out of the market would only aid in locking in our losses. Right?
as much as I implored with my father and brothers not to trust this investment firm, they have gone the "easy" route and let him basically do whatever he wanted with our money. I tried to explain that trying to beat the market is a fool's errand, but to no avail.
Forgot to mention this is supposed to go toward helping me and my two bros buy houses to live in in the not so distant future. Which is why I was so interested in this in the first place.
This is still father's money, even though it is destined for me in part. I guess question is what could be done to prevent irrational behavior on thr part of my family, so they won't sell sell sell...