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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Ok. Yah. Luckily we have 1.5mil equity in RE but I’m scared of what he’s done. Totally reckless. We are late 30’s, 2 kids. I told him I am taking over finances from this point forward. He won’t switch out the stocks he’s in now but from this point forward it’s going to be all conservative choices. Unfortunately he basically gambled away our 401k doing this. [/quote] You are in your 30s, have 1.5m in real estate equity, and you're scared? Also, he didn't gamble away your 401k. He lost 50% of the value, but it easily could rebound in the 20+ years you have until retirement. Your husband is right about you. In fact, you may not be a fool, you may be a blithering idiot. [/quote] Also, investing in conservative choices in your 30s . . . yeesh. [/quote] Right???? You’re in your 30’s. Take some risks. You have like 20+ years to worry about switching over to bonds or a balanced index or whatever. Maybe your husband knows what he’s doing. Also, I hate how people always rush to a financial advisor. They’re great don’t get me wrong, but you can also just learn a whole bunch and do it yourself. And yes, I do consider index funds like VTSAX a great option, but still maybe the tech stocks are good. I just bought CRGE which is charging infrastructure because I think electric cars are the future. You can take evaluated risks when you’re younger. Maybe your husband will come out on top and you can then transfer profits to a “safer” index fund later.[/quote]
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