It’s unlikely that I’ll be able to leave you enough to eat for the rest of your lives, so I’ll leave you with the knowledge of investing.

How to choose where to invest

• Buy stocks of famous companies.
• Buy stock in companies that can explain what they’re selling.
• Buy stock in companies that know what they’re doing well.
  • If you don’t know, look it up before you buy.
• Buy shares of companies that are likely to grow larger than they are now.
• Buy stocks of strong countries.
  • If the world situation is not much different from now (2021), buy US stocks.
• Buy stocks of companies that are likely to be around in 10 years.
• If you don’t know, buy an ETF for the S&P 500.

To avoid getting into harm’s way.

• Buy from a well-known brokerage firm.
  • If you don’t know, use the same brokerage firm as Dad.
• Only spend money on investments that you can afford to lose for a few years.
• Don’t invest in referrals from people you know or don’t know.
• Don’t invest in things that people you know or don’t know are asking you to do.
• Don’t use technical analysis.
• Only lend money to people when you don’t think you’ll have to pay them back.
• Margin trading, FX, virtual currency, don’t touch any of them.

How to sell

• Sell as much as you need, when you need the money.
• The less you buy and sell stocks, the better.
  • You’ll have to pay taxes on every sale.
• You’ll be taxed every time you sell, so be patient if the stock price drops.