Reply to Does your DH listen to you when you discuss finances?

Forum Index » Money and Finances

Reply to "Does your DH listen to you when you discuss finances?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DH and I have joint accounts. I typically select the funds we invest in (because DH isn’t interested in doing the research) and we decide jointly to invest in more risky things, like crypto. When the market was at its peak, I tried to get DH to agree to cash out. He had other opinions, so we didn’t. Now that we’ve lost 20% of our portfolio and are underwater with crypto, I can’t help feeling angry that DH refused to sell when we could have come away with considerable gains. For people with joint finances, how do you decide what you do if you and your spouse have differing opinions?[/quote]

My husband and I agree not to try to time the market. There is less to debate and a lot less urgency in our decision making/communications.

[b]You won’t lose 20% of your portfolio over time.[/b] It will come back! And didn’t you just save yourself from a lot of taxes by not cashing out? If you had now you would be sitting around worried about where to put the money and when? [/quote]

With crypto, op may lose 100%[/quote]

OP separated the two in their statement. They lost 20% of their portfolio and are underwater in crypto. [/quote]

Everyone is down at least 20%. [/quote]

Not me.  I went to cash in my 401k and IRA early last year and spent the last 18 months buying lots of I Bonds and paying down my mortgage.  Everyone said, "You shouldn't pay off your mortgage in an inflationary environment!" and "Keep the mortgage at 4% and invest in stocks at 10%!"  Not sure why people have the stupid idea that you can't time the market.  Maybe you can't do it precisely day-to-day (I missed the big run-up in 2021) [b]but it was obvious that the big drop that is happening now was bound to happen[/b].  And if you are continuing to dollar-cost average now, you will be posting in two years about how devastated you are by the even huger losses.  Stocks are probably not coming back to life for about another two years, so invest (or don't invest) accordingly.  You're welcome.[/quote]

LOL. You got lucky. That's all. It wasn't obvious. It's only obvious in retrospect. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics