Sub account to Master account

I'm 18 years old and have a sub account. But I use the master account from my parents, with there e-mail etc... On that account I bought stuff etc... When I would upgrade the sub account to a master account do I lose everything on that master account. The master account is linked to the sub account. I was thinking to just leave the sub account and never upgrade and keep on using the master account. 

Hello and welcome!
Have you followed the instructions here?
http://faq.en.playstation.com/app/answers/detail/a_id/251

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