Barefoot Investor issues a crypto warning after wife discovers her husband invested their life savings before its value HALVED
- Distressed wife revealed husband lost $57,000 to cryptocurrency investments
- Sally said she ‘cannot believe he’d be so stupid’ to lose money they ‘relied’ on
- The Barefoot Investor offered advice on how crypto couples should be a ‘team’
- Issued a stark warning to those considering investing in crypto due to volatility
A furious wife has discovered her husband bet their family’s savings on cryptocurrency and lost $57,000 when it dived.
‘Sally’ wrote to financial expert Scott Pape, known as the Barefoot Investor, after she found out her husband lost the money their family of five was saving to move house.
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She said they had separate bank accounts but each ‘vaguely’ knew what the other was spending.
However, Sally recently found out her husband hadn’t been completely honest with her.
Sally wrote to Scott Pape (aka Barefoot Investor) for advice on how to financially recover after her husband lost $57,000 to cryptocurrency investment
She believed her husband invested money in shares but instead he sold them last year and began trading in crypto.
Sally’s husband lost $57,000, money their family of five was ‘relying on’ to upsize from their three-bedroom home.
‘I cannot believe he’d be so stupid, I just want to KILL him. He thinks the market will come back and wants to hold on. What say you?’ she asked.
Unfortunately, the only advice Mr Pape could offer was damage control.
Mr Pape, who has previously been criticised for his disapproval of crypt, said the couple needed to ‘work as a team’ by avoiding investments and saving hard until…
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