James,-OT-
"A lesson of investing - always listen to your wife when she knows more about what your are investing in than you do."
No. Always listen period.
My wife knows NOTHING about investing. When I told her our portfolio reached a major high last year, my wife says, "Why don't we cash in and put it in something safe?". I, being the much wiser and more experienced member of our partnership, responded with, "What? 6% bonds. You've got to be kidding, we've been averaging that every two/three weeks." This was just before the Asian crisis started. Since then we may have lost at that rate.
This is the same woman that wanted to buy Bally back when Atlantic City was legalizing gambling. Bally had doubled when she said it. I told her that the price had already gone up and it was too late. Of course, it tripled in the next six months.
But the worst part, the absolute worst part - SHE REMEMBERS!! It's the 'I told you so' that goes right to the ego. And it's an argument clincher for them. What do you say?
Moral - When the wife gives investment advice, listen, always.
-G-
Ron |
