SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: erickerickson who wrote (36961)12/23/2000 1:56:14 PM
From: tekboy  Respond to of 54805
 
I also suggest that your portfolio be kept in a separate account in YOUR name only

this has been touched on before, but not recently. A lot of the married folk here have dealt with spousal differences in risk-acceptance and investing strategies by setting up separate accounts.

Three variables that might be considered when setting up such accounts are tax status; control (individual vs. joint); and investing approach (conservative vs. aggressive, LTB&H vs. trading, etc.).

The virtue of dividing family funds up into different pockets with different general rules is that it reduces the need to have fights over each individual purchase or sale, and can reduce the general recriminations as well by forcing frank initial discussions of mutual financial goals, asset allocation, and so forth.

In our home we both have individual investing accounts plus a joint one. Even though there is a good deal of overlap in some of the stocks held in them, the formal separation has avoided lots of battles, and allowed me to "learn" (nice euphemism, eh?) while playing with a relatively small portion of the family's total funds.

tekboy/Ares@whipped.pov