Reply to DW drives me crazy with her investment decisions.

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[quote=Anonymous][quote=Anonymous]Would she listen to a financial advisor? Someone with credentials?  They can run scenarios, showing the impact of inflation, compound interest, performance of the stock market over time etc that will be very impressive.  My husband and I took some short term hits over the past decade, but we have greatly benefited from professional advice and "riding out" the market over time.  You just can't lose your nerve.  As Warren Buffett says, "The best time to invest is when everyone else is afraid."   If your wife isn't influenced by numbers, you may have to realize that she may have some deep-seated psychological issue that makes her irrationally risk-averse when it comes to money.  Maybe if you talk to her about why that could be?  I have family members who lived through the depression who still refuse to invest in anything but real estate.  But you're right -- leaving anything more than an emergency fund in cash is crazy. [/quote]
The craziest thing is that I AM a finance professional. My finance literacy is at least as good as those financial advisers and I've been doing well with my retirement fund investment. To make it even more crazy, she is an economics major and isn't supposed to be totally unfamiliar with the risk and return and inflation concepts.[/quote]

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