You’re lucky he wants to put it into the stock market … and not into crypto! You raised him well.
As an alternative, you can have him follow your advice (more or less) with 80% of the money, and let him follow his gut with the other 20%. Worst case, he loses all 20% and still has the 80% at the end. Best case, he’s an investing genius (aka usually got lucky) and doubles the 20% in 2 years and he ends up with 120% of it. If the latter happens, he can pull the “I told you so” card for a number of years until his investing genius (aka luck) fades.
- It can’t be done reliably. By anyone.
- It requires two correct decisions - when to get out and when to get back in. Even people who get lucky with the first decision rarely ALSO get lucky with the second.