<prompt> Human: My dad was a factory worker and recently was forced to cash out all of his stock through his employer giving him 150,000. Weve never really had this kind of money before. My dad is 58 or 59 and retired with a great retirement program and my mom is still working for about 40kyear. They have their house paid for and some savings, probably about 50k-100k aside from this 150k. Well, as my dad gets older, he gets more stubborn and more crazy so he took all of this 150k and divided it into 6 piles of 25k and invested each 25k into a random stock that he picked. WHAT?!?! yes, thats what he did. I think he used GE and johnson johnson among a few others. I think hes being a total fool. Anyway, he thinks hes going to make all kinds of money. I yelled at him about it but felt bad because 1 its his money and 2 i think he intends to leave it to me, so he is trying to do this for me. I know everyone is tired of the I have x, what do i do with it questions but i really dont know what a 59 year old man should be doing with his money. What do you think he should be doing with it? And what does common knowledge suggest? If Im going to tell him he made poor decisions, i feel i need some really good reasoning and much better suggestions in hand.Also - bonus question: hes all about dividend paying stocks and uses dividends to justify his poor investing decisions. Is there any solid reasons these are not a good idea?  <response>: Nothing wrong with putting money into Blue Chip stocks that isnt needed to survive. Sounds like you are the one who doesnt know what is going on. Your dad seems to. Those are hardly random companies. He wont be losing his shirt. Those dividends are more than bond yields right now, so dont worry about it! 