By poor man - 26/11/2014 14:13 - United States - Fort Lauderdale

Today, I frantically told my parents that my bank account had no money. Turns out, they took the $1,600 I had saved up from a summer job and invested it in penny-stocks. I was grounded because they were "doing it for the family," and I'm being selfish. They also had lost it all in a matter of days. FML
I agree, your life sucks 44 769
You deserved it 2 995
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Top comments

meggieeeee92 27

How did they get access to your account? And doesn't the bank notify you when you take out a large amount of money? Your parents are ****** up and should be paying you back for their stupidity.

396 7
ahippienamedrae 10

That sucks, OP. Maybe you can get them to pay you back eventually ):

149 6

Comments

rekkas 16

Wow that was a really poor decision in their part.

9 2
TheGolfGTI 24

Investing in penny stocks with your money made no cents in my opinion.

37 3
auro7 18

Comment moderated for rule-breaking.

Show it anyway
0 30
cakefete2 30

Yes, #12, the parents ought to spend some time locked up in the "penny"-tentiary.

25 2
razoray9 22

#29. Ur profile pic goes perfectly with ur comment

0 3
Miss_Chevious 37

I'm sorry but am I the only one wondering why OP's parents were able to withdraw money from his bank? I mean why did they even have his password?

18 3
ImTheAlpha 30

OP's probably a teenager if he has a summer job. They may have had to know it/make the account for him.

10 1
Welshite 39

My mother is a cosigner on all of my bank accounts, so she has access to them in case an emergency pops up and she needs money immediately. There's a lot of trust involved, but she's never abused the privilege. Not all parents are thieves to their children's accounts.

22 1
Mauskau 35

The only account my mum has access to is the savings account she made when I was born. My current account was set up when I was 11 and my mum isn't allowed access to it. If she did I would never see my wages.

6 1
trellz17 19

Sell all their jewelry. Simple.

47 2
ber4fun 23

Never have a joint account with gullible people.

5 4
vlalam 24

ur parents r really losers but u on the other hand, a hardworking good person. keep it up, life doesn't forget ur good deeds.. it will reward u some day

5 14
SweetasCandy0609 28

it's sounds like your parents were the ones being selfish who steals from their kid they should definitely pay you back and apparently also learn how to manage money better since apparently they sick at it. sorry OP I hope they decide to do the right thing pay you back.

5 1
flv88 14

Report it to your bank as stolen. Your account should be insured through the bank. If not close it down and open one by yourself or with a responsible family member. I'm sorry they did that to you.

10 1
ThatHorse 15

I wish that was possible but in most US states the parent is considered the owner of the account so the OP wouldn't be able to report it as stolen since the laws themselves say the OP never owned it in the first place.

1 0
kellyem2 20

The amount of FMLs on this site about parents stealing from their kids continues to blow my mind. I agree with a lot of the others here, OP. I'd report the money as stolen and if you can open a new account they don't have access to. If you're underage maybe a more responsible family member like an aunt or something can go on the account with you.

14 1