Wait until housing dips and your 1.5M in equity is only 1M |
It's also why men die 10x more often in the workplace than women. They take risky jobs like firefighter, police officer, oil well driller. We see no calls about the gender imbalance in these high-paying jobs. Women mostly don't want to take the risk. |
He messed up by risking too much and now you want to sell and take the loss? He hasn't lost the number of shares, they just went down. You should be buying more as things re down, not look over his shoulder and see if you could make him sell.
Buy ETf's you cannot stomach individuals at these low prices. He is probably buying more to lower the cost-basis. |
Not Cathy this is a Motley Fool rec list |
Yep, spot on. DH follows Motley Fool. Our equity won’t go down. Our area isn’t DC. May not go up as much as it has but it won’t drop. We have $200k left on our mortgage so this is very safe for us. We will never be underwater on our home. |
+1 These aren't awful companies. He just bought them when they were overvalued. Don't take them out now--if you have a 5+ year horizon just leave them there and buy index fund for remaining purchases and likely a few of them (hard to predict which) will have large gains. |
Motley Fool? https://www.bogleheads.org/forum/viewtopic.php?t=66350 My condolences. They used to be helpful, but now they are just shills. I don't think you understand equity. Your equity absolutely can go down. Sure, you have almost paid off your mortgage, so you are unlikely to be underwater, but your equity could absolutely drop and your net worth with it. Sure you aren't in DC, but I can't think of many places where a $1.7M house is immune to recession. Remember once Detroit was Silicon Valley... https://www.politico.com/news/2020/12/18/silicon-valley-bay-area-business-model-448065 . Maybe you are on Hawaii? But island life gets way less attractive with high fuel costs making EVERYTHING outrageously expensive (for example). |
Our area won't go down though.We are experiencing super high growth. It may not see the gains of this year but with a 200k mortgage on a house valued at 1.7 we are in a very good position with this. Also my decision to buy the house. |
We need a financial adviser who is going to hold my husband accountable for this kind of thing. He thinks he can beat the market and he can’t. I’m so tired of feeling sick to my stomach about money because he is so risky with everything. We are in a good position to set up our family for financial security for the rest of our loved. I’m willing to pay a professional and lose a bit just to have security that we are growing our money not gambling our money. I’m so tired of fighting him over these things. He’s a mess with money. He can make money but he has no idea how to manage it. I’m angry how irrational he is. |
Your DH has clearly done some things right or you wouldn’t have a 1.7M house and 1.5M retirement portfolio. You two have such different ideas about managing money. You need to get on the same page and either let him do what he thinks is best, divide it into two parts that you manage separately, or set some ground rules that make you a bit more comfortable and let him manage it from there. |
What area? Rapid growth recently has been in places dependent on WFH continuing |
How much money do you make? Is he a doctor? |
Austin (rollingwood) |
No, works in tech management (depends, $350-550k). I make $125 |
OP sounds as clueless as her husband. I’m not sure her taking over is the solution. You need professional help OP. |