r/AmItheAsshole for calling my dad a loser because he is only giving me $32,000 for college?

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[–]jet199 7 insightful - 1 fun7 insightful - 0 fun8 insightful - 1 fun -  (3 children)

It's enlightening that all these socially engaged reddit types have not a clue what is going on with the stock market right now.

Likely the dad will be proved right.

Funny those same people rant about how terrible it is that company owners can be billionaires yet most of their wealth is in the same position as that father, a risk they wouldn't want to take themselves and look down on those who do.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

reddit types have not a clue what is going on with the stock market right now.

I was shocked, where did all the apes go?

Likely the dad will be proved right.

Almost certainly, if you zoom out these are just minor blips. In fact, it might turn out to be a better investment than his college education. After all, he's going to be in the red over a quarter of a million if he graduates in 4 years. If he's going to be a doctor that's no biggie, but it is if it's a lower paid position he's in for a world of debt.

Funny those same people rant about how terrible it is that company owners can be billionaires yet most of their wealth is in the same position as that father, a risk they wouldn't want to take themselves and look down on those who do.

Bill Gates losing 30% of his wealth doesn't affect him in any way. I guarantee what I (temporarily) lost hurt my finances a lot more.

But like Warren Buffet said, "The stock market is a device to transfer money from the impatient to the patient."

[–]jet199 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

It only hurt you if you were planning to withdraw the money at certain date.

Needless to say I won't be buying a house over the next few months which is a bit upsetting seeing the good stuff in the auction catalogue this month.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It only hurt you if you were planning to withdraw the money at certain date

True, I was more thinking of crypto since that went down with the stock market. I do use that sometimes because I generally don't keep cash around, wife would just spend it.

[–][deleted] 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (0 children)

Top answer is that entitled brat is not the asshole here.

[–]buffalo_fart_the_IV 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (2 children)

could join the military and do college that way.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

This from some kid on reddit. Welcome to Saidit!

[–]buffalo_fart_the_IV 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Nah I've been here a while just forgot my password.

[–]Mark_Shill 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Your dad is not obligated to give you a fucking penny.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

What the fuck is that sub. I’d disown my kid. That little shit.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

It's a sub applying Reddit's usual terrible advice to absolving or condemning people.

One of the top ones right now is condemning a mom for not wanting her 14yr old to wear sexy underwear.

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Fuck them.

[–]iDontShift 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

32 is occult. faux post, probably