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Reply to "What are (or were) your parents' net worths?"
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[quote=Anonymous]Day trading in retirement age is a red flag to me. But I had a family member lose everything this way, and ultimately need to be supported by their children. My husband's parents (in neighborhood of 5 mil I think) have stepped back from active management of their portfolios, though they were always more hands on when he was growing up. Now it's a robo-advisor or maybe paying a modest amount (not a full financial advisor markup fee) for someone else to manage it. Done on purpose to protect themselves from situations where they may not be making good decisions or medically are unable to. I would absolutely talk to your dad![/quote]
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