30k on the table to invest for my dad. Looking for advice.
My dad gave me 40k CAD to put into silver for him as I have been buying silver since 2019 and he seen the run up.
He doesn't know anything about investing, what it's like to deal with premiums when buying or deal with getting undercut when trying to sell.
Hell I haven't even tried to sell yet but I'm furious at the amount they offer below spot.
I bought 100 oz physical for him at around 70 USD spot. I still have 30k left of his money to invest.
I'm curious if I should maybe invest into some miners or stocks for him instead so it's easier to cash in if there's ever another run up.
I've never bought stocks before, only physical, but I'm wishing I maybe did half into physical and half into miners or some sort of stock.
Another thought I have is to just sell him 30k worth of my own physical and enter the stock market with the money he's trusting me with.
Curious of your opinions and advice, what do you guys think I should do?