I don't expect my spouse to understand investing. Maybe because I already have a spouse and he doesn't understand investing.
Maybe it's better that way. If you are the only one expected to know what is going on you don't have the other second guessing you.
Nor does my dad. I just got a call from him, he says he just read in Kiplinger's an article about "Ten Stocks to Buy and Hold Forever." The list - AXP, DNA, GE, CSCO, NOK, INTC, PFE, ORCL, FNM, and IPG. I started sputtering, and told him that CSCO recently got a sell rating and PFE lost its patent suit about Viagra, and DNA has negative cash flow
Yeah, I'm with you on this. My mom has always been conservative, but she doesn't control the big money. Dad wants to start to get aggressive now. His retirement plan is now allowing him to control his own retirement account. Mom only would agree to 5% which is a good thing. He emailed me a few weeks ago with his buys and I got a sick feeling to my stomach as I had poots on a few of the stocks. On Tuesday night when I was up all night I emailed my relatives at 4am with my thoughts that since this election wouldn't be solved I believed this would be the catalyst to spark more downside risk and that even if it was solved right away I thought that wouldn't help. I urged all of them to get conservative now. It would be way too much of a stretch to talk of getting out of the market all together, but they will at least listen to conservative. One uncle I haven't talked to in a while mailed me back and asked if I was drunk or something. In other words, we are nowhere near a bottom. |
