>> You old timers gotta help me out here. What works? What doesn't?
The question of the ages, Aloha <g>. My solution had several components:
I put together a detailed weekly "Portfolio Value" sheet, including a graph, so Aunt Nancy could see how I was managing OUR money.
I located my computer in the den, where we hang out in the evenings. If she chooses to watch tv and I choose to do investing stuff online, we are still together.
When Nancy received an inheritance, I encouraged her to set up a separate account and she makes her own investment decisions. If she wants my advice, I'll gladly give it, but I try not to interfere. Note: I was unable to resist promoting Q to her, and she is nicely overweighted in it <g>.
I encouraged Nancy to read Beating the Street and the Gorilla Game so she could develop her own style. As we compare returns, we learn from each other.
Once Nancy saw how well she/we were doing, she became very interested in the process, and often lurks the thread on her own. At this point, she considers me the guardian of the family fortune, which is why she supported me in my decision to leave the day job.
We're still working on our relationship, Mike, but we've only been married 28 years <vbg>.
uf
btw, Aunt Nancy's has a 46% return her account since she set it up in May. |
