My fiance has lost money on stocks.
We have been saving up since secondary school. We have plans to BTO, raise beautiful kids and go on dream vacations. All these have come to a naught within a span of just a few days.
The idea of investing in cryptocurrency and stocks was first introduced to him by his circle of close friends. He was made to believe that he can make a quick buck and retire early. He took his friends words for it and dabbled into crypto and stock trading.
There were occasions where he would boast to me that he had made a killing which would enable us to realize our dream quicker. Given the volatility of such investment, he assured me that he is well aware of the risk and persuaded me to join as well. Considering that his decision meant well for both of us, I decided to follow suit and entrust my life savings to him in hope that he will not disappoint me.
I should have known better not to do it when he began distancing himself from me and stayed silent on Whatsapp over the past few weeks. Being a concerned partner, I reached out to him to find out how he is doing and to check on our investment. When the topic of investment is raised, he would flare up for no reason and would shout at me over the phone.
A few days ago, a stock made headlines for losing all of its value with allegations made against the founder for fraud.
Worried that it would impact our investment, I phoned my fiance but failed to reach him. I tried to dial his friend only to find out that he had put all his money in this so-called coin only to lose everything. Upon hearing the news, my heart sunk knowing that our hard-earned money were gone and our dreams destroyed. The last I heard about him was from his friend who told me that he had to resort to borrowing from loan sharks in hope to recover his losses only to end up losing more.
We have plans to hold our wedding in Dec which was made known to everyone early this year. Now we have to call it off because of his silly mistake. I can no longer see a future with him and I certainly do not see myself helping with his debt. Heck, I am even contemplating doing OnlyFans to re-build my wealth.
I am v lost as to what to do and how to break the news to everyone about our wedding dismissal should they question about it due to this incident.