To not expect our dc to just buy us a house regardless of our living situation

He could have quite possibly made over a million in a day without needing millions to do so if he was leveraging .... he must have made an awful lot if he has 4 million in the bank after tax because one of the issues with crypto in particular is the tax when you come to cash out.

Many people of his age though aren't able to just sit in their rooms all day and trade (if thats what he's doing) because they have to work. To some extent you have allowed your ds this opportunity to build an income this way so yes, I think its odd he hasn't offered to help you purchase a property and quite shocking.

Well that's not how not works. For a start there are no guarantees,and yes he could, and should use his ISA allowance, but no investor would hold that much cash waiting for next year's ISA allowance.

For some bizarre reason MN deleted my message. But I put all the details you’ve told us into ChatGPT and it said the likelihood of being able to make £4m from a small amount in 4 years - from crypto and stocks/shares - was ‘virtually zero.’ There is NO stock that would have appreciated enough to make that happen. It is something like a 4500% annual return.

For some bizarre reason MN deleted my message. But I put all the details you’ve told us into ChatGPT and it said the likelihood of being able to make £4m from a small amount in 4 years - from crypto and stocks/shares - was ‘virtually zero.’ There is NO stock that would have appreciated enough to make that happen. It is something like a 4500% annual return.

For some bizarre reason MN deleted my message. But I put all the details you’ve told us into ChatGPT and it said the likelihood of being able to make £4m from a small amount in 4 years - from crypto and stocks/shares - was ‘virtually zero.’ There is NO stock that would have appreciated enough to make that happen. It is something like a 4500% annual return.

@Delacorde What you’ve described sounds very much like how some investment or crypto scams operate — they show huge “balances” on a screen, but it isn’t actually real money in a bank.

You mentioned your DS has £3m in a current/savings account — that alone would be unusual. Ordinary UK current accounts don’t hold that kind of sum; banks would flag it instantly and he’d almost certainly have a private-banking setup. The FSCS protection limit is only £85k, so no one sensible keeps millions sitting there.

It might be worth him trying a small withdrawal from wherever the money supposedly is, just to prove it clears into his normal bank, and checking that the company or platform is on the FCA register (official list of regulated firms).

I’m not saying he’s lying — these things can look very real — but it’s worth double-checking before assuming those figures are genuine.

Theoretically possible? Yes, just like winning Euromillions is.
But is it credible in an everyday context - especially if he’s still living at home and using a normal UK bank account? No. ‘Tons’ of people are not turning a few hundred pounds into millions in a few years.

If he’d genuinely made that sort of money he would be using private-bank or wealth-management services, not chatting about ISAs.

He can invest £20,000 into a stocks and shares ISA every year.

By the time he runs out of cash (if he ever does... £4 million is a colossal sum of money), his stocks and shares ISA will have massively increased in value.

@Delacorde What you’ve described sounds very much like how some investment or crypto scams operate — they show huge “balances” on a screen, but it isn’t actually real money in a bank.

You mentioned your DS has £3m in a current/savings account — that alone would be unusual. Ordinary UK current accounts don’t hold that kind of sum; banks would flag it instantly and he’d almost certainly have a private-banking setup. The FSCS protection limit is only £85k, so no one sensible keeps millions sitting there.

It might be worth him trying a small withdrawal from wherever the money supposedly is, just to prove it clears into his normal bank, and checking that the company or platform is on the FCA register (official list of regulated firms).

I’m not saying he’s lying — these things can look very real — but it’s worth double-checking before assuming those figures are genuine.

Theoretically possible? Yes, just like winning Euromillions is.
But is it credible in an everyday context - especially if he’s still living at home and using a normal UK bank account? No. ‘Tons’ of people are not turning a few hundred pounds into millions in a few years.

If he’d genuinely made that sort of money he would be using private-bank or wealth-management services, not chatting about ISAs.

No @MeatAndTwoVag he has 3m in his current/savings account and just over 1m in a safe crytpo wallet.

It’s not a story @Chiseltip My ds has always been very good at understanding the ins and outs of investing/ bitcoin/crytpo and he managed to turn a profit from it. Tons of people have done similar so I don’t know exactly what is unbelievable to you?

@Delacorde I have been investing for over 30 years so know something about this. If he "won £1.6m in an evening" through investing he'd have to be investing huge sums as it would have to come from capital growth (ie: the amount the share goes up in that time and he's claiming a day). One of the biggest reported growths in 1 day was Amazon - up by 14%. He'd have to invested £12m.

Another option is dividends (which tend to be between about 5 - 10%) in a year. Even over a year to get that level of dividends you'd have to be investing £30m.

Now, crypto I do know much less about. Doing some basic research it seems that something called MYX Finance had a big rise in Q3 having gone from $0.15 to $16.4 but it's back down to $2.4 now. So maybe the figures match. Maybe they don't. Depends when he bought and sold I guess though the original investment would still have to be pretty large.

Point is, I could say it's bullshit because the outlay to get these figures to work would have to be huge and so he'd have to be worth a lot more than £4m which isn't what he's doing. I could say it's bullshit because the reality is he's saying he "won" the amount of money from nothing. I am not saying either because that's not the point of this thread. But I certainly wouldn't be using any of this "money" to buy any property.

My point is you said your husband makes his money from a company he developed as a programmer. That’s not an 18yr old kid in his bedroom…..