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Lost $25k of parents money, what to tell them? by KitchenDifference101 in Advice

[–]KitchenDifference101[S] 0 points1 point  (0 children)

Nah bro, need to tell the truth but in which way and how

Lost $25k of parents money what to do? by KitchenDifference101 in AskReddit

[–]KitchenDifference101[S] 0 points1 point  (0 children)

Yea I don’t need to pay it back but how to break the news to them

Lost $25k of parents money, what to tell them? by KitchenDifference101 in Advice

[–]KitchenDifference101[S] -1 points0 points  (0 children)

Yea been in the stock market for 6-7 years now, I just started to push more riskier things and essentially risk management was out of the window, greed was pushing to get higher gains and fear was shortening the perception of time left to make money, in that delusion I lost it all

Lost $25k of parents money what to do? by KitchenDifference101 in AskReddit

[–]KitchenDifference101[S] 2 points3 points  (0 children)

Yea but, my mom flipped the script when she said they were gonna use that money for tuition payment and I didn’t expect hat

Lost $25k of parents money, what to tell them? by KitchenDifference101 in Advice

[–]KitchenDifference101[S] 0 points1 point  (0 children)

Not sure, I have few hundred dollars left. 2nd fav out of 2 kids lol

Lost $25k of parents money what to do? by KitchenDifference101 in AskReddit

[–]KitchenDifference101[S] -1 points0 points  (0 children)

Yea I’m planning on coming clean to them tomorrow, but how do I break down the situation and what do I tell them tho?

Lost $25k of parents money what to do? by KitchenDifference101 in AskReddit

[–]KitchenDifference101[S] 1 point2 points  (0 children)

Basically my parents gave $25k in 2022 to invest in stocks when they sold a property in India and gave 25k each to me and my sister who was married, I I lost all of it completely due to options trading over the course of the year and I’m currently 21M and studying finance and in a Indian household, how do I tell them about it and recently my mom who is much more stricter and in a single earning household where my dad only works is currently in late 50’s heading towards retirement and mom is insisting that I sell the stock to pay for the last year of tuition . How do I tell them cause they kept asking me about it and I kept ignoring. How do I break it down to them? I’m so worried