I'm just looking for a sanity check here, as my spouse recently made a very big one. |
Placed two short positions that started at 250k each and ballooned to -600k and -800k each. One was closed against the box, the other I made him move against individual assets and sign a legal agreement of responsibility (short is still open).
Marriage is a landmine of exposure with the wrong person. |
My wife has dropped high three figures at Good Guys before but that's it |
What’s it sitting at now? |
Spouse entered a thirty year mortgage with a friend for a “buy and hold flip” condo. |
Piggybacking on this, is there a point at which the exposure is so great that you initiate a divorce primarily to protect yourself and your kids financially? |
I have to give my husband a lot of credit, he really doesn’t do this much. Maybe $1k, but honestly probably much less.
But I also tend to agree to purchases that I wouldn’t necessarily make myself but he wants so he doesn’t lose much by asking me. We are lucky to be financially well off, and he does earn more than I do so this if he wants to splurge some I don’t mind. I have so many memories of my parents having difficulty over money, mostly because we really didn’t have any extra. |
Oh dear god, without telling you??? |
My DH might have went ahead and boooee vacation that we had mildly discussed, and just did w/o me. So maybe 2K, at that time? And wasn’t anything I objected to, just hadn’t fully all agreed together. We went, and it was a good move to have booked if. |
*booked
And I said “might,” because I think that’s my best guess of his biggest purchase w/o consent. I’ll edit for mistake next time lol |
DH booked a trip that we had agreed on taking and had agree on the dates. But he spent wayyy more on flights/hotels than I would have. Could afford it, so not a big deal really, I just almost had a heart attack when I realized the cost. |
Giving $5000 to a ne’er-do-well relative of his who promptly overdosed. |
Told me after he signed the purchase agreement (this is early 2000s and I was on an international business trip). After six months they sold it when they realized they could not rent it out and it was not appreciating like they anticipated. I handle all the finances so it reared its ugly head again during tax time and I had to figure out how to handle the purchase (short term hold). It was a nightmare. |
Did anything like this ever happen again? Do you trust him now? |
He bought a $2000 TV I didn’t know we needed. Thankfully neither of us have thought to do anything like this without consulting the other. |