How much do you discuss management of your investments with your OH?

themanfromamarillo

To slightly twist the question, how can you encourage your other half to think more about investments?

bowlhead99

TBC15 wrote: »

We both know how things are going by our daily Trustnet portfolio update.

Won't that get really depressing in the next recession / market crash when for a couple of years the majority of days it is saying you've lost value against the previous update (or the ups are relatively small and the downs are large)?

Far easier not to know how it's going until a decent period has elapsed and rebalances might be considered.

TBC15

bowlhead99 wrote: »

Won't that get really depressing in the next recession / market crash when for a couple of years the majority of days it is saying you've lost value against the previous update (or the ups are relatively small and the downs are large)?

Far easier not to know how it's going until a decent period has elapsed and rebalances might be considered.

I must admit it’s been a bit of a habit over the last ten years.

If memory serves me well interest in examining the carnage waned last time it all went south.

aroominyork

Re planning what an uninterested and financially uninformed OH should do if you are not there tomorrow:

Kentish_Dave wrote: »

Warren Buffet has, he’s recommended that his wife invest all of his holdings in passive broad-based funds.

Mrs Buffett did her own planning years ago. She married Warren Buffett.

Prism

My wife isn't interested at all in our longer term investments. I manage our SIPPs, company pensions and ISA's although I do tell her what the status is a couple of times a year. She is happy for me to make all the decisions on funds and allocations. If the markets dropped 30% tomorrow she wouldn't even know. I keep an up to date spreadsheet but also a physical notebook which has details of our accounts should anything happen to me.

We both take equally responsibility for day to day stuff and monthly bills although we are in the fortunate position to earn excess of our spending so don't have to worry really about budgeting. Last year my wife found us a better deal on car insurance while I found a better energy supplier. Its a bit ad hoc.

aubergine99

I do all the research and make decisions about investments we hold, as my husband has never shown much interest. I've always been more prudent with money than he has and I do my best to maintain its value as much as possible. Neither of us are great spenders but I tend to be more careful. I get more pleasure from seeing our money grow than spending it, but will splash out occasionally on our trips abroad. Since venturing into investing in 2011, I'm quite happy with how our finances have increased in value and am sticking to a long term forecast.

moneyfoolish

I'm not an investor but I am a saver. My wife is neither an investor nor a saver. I look after all the money I've saved in my working life and set up the best interest paying bank accounts, cash isas, National Savings accounts and SIPPs in both our names and she signs the forms I put in front of her. She leaves her money in a bank account earning next to nothing and spends a lot on the children and grandchildren. I have a decent pension but we spend a lot of money on eating out, holidays and on our children but I manage to maintain and slightly increase the money I control but it's losing value because of inflation. However, as we're both in our mid seventies there's no danger of it going before we do! However, my wife does think I should stop saving and start spending more of it.

Eco_Miser

re "Dead" folder

bearshare wrote: »

Due to risks of hacking, or even physical break-in, maybe better to rename the files something else?

Ideally, encrypt the folder with the key on a USB stick.

Lose the USB stick, lose access to the folder, so put the whole folder on a USB stick (or SD card) instead and put it somewhere safe, like a safe. Have more than one, in different places, just in case.