incogneato
No face, no case.
My dad is into stocks and day trading, and it's currently how he makes his living. A little while ago, when dogecoin first blew up, he said I should buy some and asked me to buy some for him too because he wasn't able to at the time (he gave a reason for it that I believed) but he said he'd pay me back. I bought $500 for myself and $1000 for him. I ended up cashing mine out shortly after, but I mostly forgot about his shares. Last night, he started blowing up my phone with texts saying that he wanted to buy more because it's going up again. I asked how much and he said "1k if you have it, I'll refund you". I told him I'd cash out, give it to him, and then he can just repurchase his shares plus whatever else he wanted. There was a pause on the texts and then he told me to just leave the stocks he has there, I don't have to buy anymore.
I don't want to hold his shares for him like this. I feel pretty uncomfortable about it because I don't like taking risks with money, no matter how much I have. He hasn't paid me back from the first time but I just want my money back and to give them to him. Even if I did want to buy more, I don't want them combined with his shares. I feel like he was trying to use me because he doesn't have the money himself right now. I don't really know his financial situation but I know he needs more money for some family matters and that he lost a lot in the stock market a few months ago. When I was a child, I was once gifted $1,000 from a family member but didn't know about it -- I found out later that he spent it on funeral costs for a relative because he didn't have the money at the time. When he told me he apologized and said he'd pay it back, but he never did. He also bought me a credit card but "lost it" and I've never gotten it back. I don't know if it's used but I think he does make the minimum payment on it monthly based on my credit reports.
I don't want to face this because I want to believe he's a good person, but is my dad using me financially?
I don't want to hold his shares for him like this. I feel pretty uncomfortable about it because I don't like taking risks with money, no matter how much I have. He hasn't paid me back from the first time but I just want my money back and to give them to him. Even if I did want to buy more, I don't want them combined with his shares. I feel like he was trying to use me because he doesn't have the money himself right now. I don't really know his financial situation but I know he needs more money for some family matters and that he lost a lot in the stock market a few months ago. When I was a child, I was once gifted $1,000 from a family member but didn't know about it -- I found out later that he spent it on funeral costs for a relative because he didn't have the money at the time. When he told me he apologized and said he'd pay it back, but he never did. He also bought me a credit card but "lost it" and I've never gotten it back. I don't know if it's used but I think he does make the minimum payment on it monthly based on my credit reports.
I don't want to face this because I want to believe he's a good person, but is my dad using me financially?