How can I give reality check to my ''sigma male'' nephew ?

My nephew is a teenager, this year he made around %3000-%4000 profit on meme coins with a small amount of money. After that he bought himself a designer suit, fake Rolex, fake followers on Instagram and Tiktok. A few months ago, he came to my house and took hundreds of pictures with different clothes to share until next year. He is now sellingtrading/investing courses on a site and giving financial advices while making a good amount of money for a teenager. But, he is failing every class and probably will fail SAT too.

I have talked with my lawyer about his situtation, and consequences that can happen. According to him, he may even go to a state prison if someone sues him for a big amount of money.

Last week we had an argument. I have a private Instagram account that I only follow family members and close friends. Because of his increasing follower base I had to remove him from my Instagram for not being associated with him. He sent me a message asking me why I removed him, after telling why, he told me exactly this ''Sigma males don't need other people, no worries''. I still can't believe to the things I'm hearing from him. He became a different person after getting into this meme coin cult.

His parents are middle class and on the softer side, so he did not listen their advices andcontinuedto invest in stupid coins, and now his parents have hopes that he may become a millionaire. Even though he doesn't tell the exact amount of money he has, I'm assuming that it's more money than his parents have in their bank account. Because his parents opened his account with parential consent, they can stop all the transactions and withdraw all the money, but they won't do it to not effect his life goals...

I did a really long talk with him yesterday. He told me about his plans, and it's so dumb. He is waiting for Elon Musk to tweet about next meme coin so he can multiply his money and become a millionaire while growing up his ''financial advice'' business. Also he is hoping to go to Stanford or Harvard by showing his ''entrepreneurship'' on crypto market, then drop out and start his own crypto chain with his friends and become billionaires. When I told him that it was just luck that he made profit, he told me that dinasours will not understand the crypto market, and he made a profit in a month that I will never make in 10 years...

Even though he is a disrespectful dumbass, he will waste his life by doing this. He will either go broke, or get sued by someone for bad financial advice. I can't believe that there are sites letting him sell financial courses and give financial advice. Sad thing is that his parents are literally not stopping him from doing this because they don't believe that someone can sue them over crypto, and he can lose all the money.

There is no possiblity of me recommending him to someone, so if he doesn't go to a college he will be working for a minimum-wage job.

Any advices ?

WSO Elite Modeling Package

  • 6courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (42

  • Research AnalystinHF - Other
2021年11月11日——5:09pm

也许你可以试着“市场”,可以这么说k. Wait until when he's down 60% in one day due to the volatile shitcoin he's in, and then have a talk and see if he's more receptive. Or, you can try to out-degen him. Read all the white papers on bitcoin, eth, solana, luna etc (all the web3 projects), gain a strong technical understanding of them, and have a conversation where you rigorously examine his crypto theses. That way, he can no longer consider you a "dinosaur" if you're incredibly in-tune with the developments in the crypto space (some of them may be genuinely interesting to you too). If anything, this will gain his respect. Once you start spewing crypto jargon that he hasn't even heard before, he'll think oh shit this guy knows what's up, better listen to him more carefully.

As they say, you gotta understand the enemy in order to defeat em.

  • Associate 1in
Nov 11, 2021 - 5:16pm

Teenagers gonna teenage man, tbh not sure how much more you can do at this point. They'll just have to learn the hard way

Funniest
Nov 11, 2021 - 5:22pm

I think I'm following your nephew on Instagram. He charged me $500 to recommend some good crypto picks and I got 2000% return in a month.

强烈推荐10/10。

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • 29
Nov 11, 2021 - 5:47pm

Kellycriterion

So that's where the Solana pick came from

哈哈哇,你非常了解我的帖子历史 - 做得很好。

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

354manbetx

高级投资银行和私募股权基金的精英从业人员教授的6个建模课程的300多个视频课程 - Excel建模 - 财务报表建模 - 并购建模 - LBO建模 - DCF - DCF和估值建模 - 所有这些都包括 + 2巨额奖金。

354manbetx
Nov 11, 2021 - 5:23pm

Explain that the best way to gamble on meme stocks and shitcoins is when you are successful and have a fat paycheck. If you want to gamble whatever's left over after your 15/hr salary, go for it.

2021年11月11日 - 下午5:28

I wonder if you might have any success by encouraging him to take some chips off the table. If he's as successful as you make it seem, this might be on the table. If you present him with internet communities like FIRE and FatFIRE, he might come to your way. This would de-risk his position substantially.

His legal position as an unregistered investment advisor is highly dangerous. Would it be possible for him to get an RIA or go legitimate with it? He might be successful if he did and built out a crypto niche.

I think the goal here is not completely shutting him down, but allowing him to go towards his interests without blowing everybody up.

If he actually used the term "sigma male," then that's another can of worms… and I don't have good guidance there.

  • Incoming AnalystinIB - Cov
Nov 11, 2021 - 5:35pm

有时,您必须让他们学习艰难的方法。一旦他的一个狗屎币达到0,他就会得到现实检查。

Nov 11, 2021 - 5:41pm

This kid seems like an absolute dumbass virgin, I'd blow his brains out if he was related to me.

告诉他母狗找到“导师/大师/加密大师”的cringey,即使他闯入PEMFfrom WYD/Oxbridge/LSEand gets a prestigious job. That should shut him the fuck up and get him to stop referring to himself as a sigma male.

同样有99%的可能性是巨魔(因为他妈的在第三人称中是他妈的自己是“ Sigma Male”的人),但我会继续演奏。

  • InterninPE - Other
Nov 12, 2021 - 5:22pm

这是Bottombuckethardo,我向您保证。他做了一个新的HF最近有几个巨魔帖子的帐户。这些r更微妙。IG他接受了我的建议。

2021年11月11日 - 下午5:48

Failure will make him a better entrepreneur. The message you're trying to get across to him is bettered delivered with a real life experience he lives through than what he perceives to be your incredible opinion. Lions don't listen to sheep might be the mindset. Don't stand in the way of his lesson. Maybe he will be the lead character in Leonardo DiCaprio's next film.

2021年11月11日至11:46 pm

只是让他失败。会发生。在这样做的时候保持支持,并帮助他捡起碎片。如果他一直是个白痴,那就是意识到某些人,甚至是一家人,都无法得到帮助。

Array

最有帮助
Nov 12, 2021 - 9:01am

I would stop trying to help. he doesn't want advice from you. just like an addict who doesn't want to stop using, you're fighting a losing battle. distance yourself from the nephew, maybe just tell your siblings/inlaws "hey, this guy is giving financial advice which falls under certain regulations, I'd be careful if I were you" and if they don't care, you can't do much.

if I were you, and I have friends in this bucket, I just say "good luck bro, I hope you get rich" and stop arguing. you have no upside by continuing to try to convince him of something when he's not asking for your advice.

NOW, if he does crash and burn and is still a prick, I would make him sweat, saying things like "remember that time you called me this and that? that stung, and I haven't really been in a mood to help you after that." sure you can help him eventually, but not until he wants to change/help himself

2021年11月12日至8:07 PM

You should change your name to bottombucketbitch

Array

  • 1
Nov 12, 2021 - 2:27pm

Yeah the kid is an insufferable douche, but I'm amazed at the shade being through at crypto and NFT money.

I thought this was a forum foroverachievers and alpha寻求者?大家都担心您的娱乐钱突然出现在哪里?

I genuinely enjoy my job which is why I haven't quit, but the crypto and NFT game straight up changed my life in terms of financial freedom and net worth.

Highly recommend the jpeg and shitcoin game - all haters are clearly just jealous they don't know how to navigate it. Which is honestly not that hard once you learn, just like any other skill. We'll continue to enjoy our barrage of 5-50x plays and exponential increases in digital net worth, while you guys boast about your cash bonuses that are literally decreasing in value. Times are changing, stop thinking like boomers.

Thanks for coming to my TED talk.

  • PartnerinPE - LBOs
2021年11月13日-8:51 PM

fuck man when I thinkWSOcan't deliver we get these meme gifs and shitcoin threads

2021年11月12日-3:22 pm

There's probably little you can do to help, but here's an idea: set him up with a serious crypto investor to discuss his life goals.

The idea is to challenge him from someone he would respect. Whatever you think of crypto, there are serious investors in the field who have thoughtful answers about why they invest in the field (whether they are right is besides the point). They are likely to point him away from day trading memes coins to doing the real work of developing projects. They also might scare him a bit by telling him tales of the sharks that arb the crypto markets, and how he is the dumb money they take advantage of. They can also warn him of the financial / legal liability that he is risking by doing what he's doing giving financial advice. Even if they don't set him 100% straight, if they are able to orient him towards more productive activities (e.g., building crypto projects that may also build other skills, vs. day trading), he probably ends up in a much better position both financially and from a life prospects standpoint.

希望如果您是对冲基金PM,发现这个人不会太困难 - 有很多VCsgoing into the space, who are probably willing to spend 30 minutes with a teenager if you ask politely enough.

Nov 15, 2021 - 1:45pm

Et optio quidem debitis aut laborum quo deleniti. Atque ut exercitationem voluptatem perferendis vitae. Et ducimus quod dolorem recusandae non. Et nihil quia voluptas quia beatae qui.

  • VPinIB-M&A
2021年11月15日-3:13 pm

id nam nulla quo praesentium non Sint。EA自动晒太阳vitae et voluptatem doloremque labore。Blanditiis Aut Illo Consectetur Similique In。

Labore occaecati amet magni Recation voluptatum infuptat int.sapiente respature自动自动化spernatur apernatur apernatur apernature artera torea sit doloremque。Permutibus et odio costici odio iste at ataque。Ut Nisi Illum odio culpa ipsum reiciendis et Autem。误差ISTE DELENITI SAPIENTE等。Aut Doloremque Quaerat Facere Soluta Dolore Eaque。

Voluptatem et est deserunt corporis. Quos repellat dignissimos maiores laudantium. Et eum consequuntur facilis eligendi eum.

Ea vel et saepe repellat sunt. Non enim eligendi molestiae explicabo perspiciatis aliquid rerum. Quod labore quaerat autem laboriosam itaque. Vel deleniti iure labore voluptatum nemo et. Ut culpa beatae dignissimos aut.

Start Discussion

Total Avg Compensation

November 2021万博app网页版

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (233) $235
  • 2nd Year Analyst (142) $155
  • 3rd+ Year Analyst (34) $154
  • 实习/夏季助理(107) $146
  • 1st Year Analyst (511) $136
  • Intern/Summer Analyst (391) $83

Leaderboard查看全部