My hubby made a big mistake in investment, due to WFH his friend introduced him to forex copy trade and he started investing 3000 USD.
After few months he wanted to try on his own so he invested 1000 USD, everything was lost and he invested 500 USD few times and all lost and he asked me to give 10K USD so that he can make profit, so I gave him and it was also lost.
After which he borrowed 36k SGD from the bank and invested, this time I was unaware that he’d borrowed money from the bank, somehow I found out by myself so I warned him to stop this but he believed he will make profit but due to market fluctuations his borrowed money was about to finish in forex so to save the loss he needs to top up.
We had our daughters saving saved for more than 10 years in her child account and that was linked to his account, he promised he won’t touch this account but he had no choice as he needs to save his money in forex he took 82K SGD from our savings and topped up his forex without my knowledge.
Within one month all the money in his forex is lost. And now we have zero in savings.
I am lost as I don’t know where to start now, please advise me how do I proceed further in my life. How to make my hubby stop this forex trading and concentrate on making money by doing some part time job apart from his job. I have two daughters who are still in primary school. My parents are also dependent on us. Please help me by providing some advice.