Answer:
Tell him that if he has no experience, he shouldn't even try to invest in it. He should first learn about how investing works before doing it.
Your question asks what advice would you give to Joban
Advice:
The advice I would give to Joban is to not use the money he got from his uncle to invest in the software company. This would help out Joban in the long run, due to the fact that he has other expenses to pay off and he has no idea how investing works.
The thing that he should do with the money is use it to pay off the credit card debt, that should be a priority. Credit card debt is making him suffer, due to the fact that he needs to pay it off, and it's hurting his net worth.
Investing is not an option for someone that doesn't know how to manage their money, and that applies to Joban. If he can't manage his money, then he can't manage the amount of money and profits for the company.
Joban spends all of the money he earns, that's not a smart way of managing your money. If you're going to invest, you shouldn't be spending all of your money on things that you really don't need, that money should go to your investments.
