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Rising Star
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ENBD is the crappiest bank in the UAE. Thank you
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Chief
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After figuring out FI/RE I am less motivated.
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Chief
If Madrid and joint investments it should be a joint discussion.
Could always have 3 accounts - 1 Primary that is joint other 2 can be small or play money individual where either can invest /risk how they want.
Bottom line is communicate communicate communicate.
Bowl Leader
We have joint bank accounts and separate brokerage accounts. My spouse is not particularly interested in investing so they mostly have VTI and a couple long term covered calls.
Our retirement and 529 accounts are in well diversified index funds so I take more risks with my personal brokerage account. Spouse doesn't care as they trust me not to gamble too much and this is money we won't need for 5+ years anyway. If they told me not to invest in something I wouldn't but beyond that they don't want to invest the time to learn enough to have a strong opinion on specific investments.
Rising Star
I’m the CFO of our “marriage”. I direct everything but am aware of my “fiduciary” to my spouse - so our joint risk tolerance is taken into consideration for all investments I make.
It really is a matter or preference of what both parties want. Our brokerage account is joint and my wife has no interest in it and trusts me. I see no problem with separate accounts if that is what you want. We look at everything as ours so even if we had separate accounts, I would probably not invest in anything she was not comfortable with. But that is just us and others would be fine doing it differently.
I have a 5-7% gambling allocation. Within those bounds I invest our joint money in what I want (husband is not particularly interested but I explain what we're holding and why). I don't view any of our investments as personal, but yours/mine/ours works for a lot of people. We discussed and agreed on recent btc transactions in larger amounts, but I didn't bother asking whether I could throw a few hundred into some alts.
Communication is important and the bottom line for us is I would never buy something that if I told him about it he would be upset. He's amused by some of my paper losses haha
No, I don't talk to my husband about my investment strategies each time I put money in. We have discussed investing in general, and I have described my preferences and reasoning, and he's comfortable with it. Realistically, for us, I think it's about interests - I deal with money stuff because I like it, enjoy reading about personal finances, and do research before making decisions. He has no interest in it at all. We do talk, usually monthly, about the budget, big upcoming expenses, planning for the future, etc., so he's not out of the loop on anything.
Chief
My husband and I each have separate brokerage accounts. We discuss our investments but more as partners / advisors than anything. “What price should I sell X stock? I was thinking this but do you think it will go higher?” Or “omg, did you see the price of this investment I own? It really shot up today!” We know that technically it’s all community property but we like having it separated to make our own decisions and have control.
I do our tax return, so it’s always kind of fun at tax time to see what all he earned during the year for sales, dividends, and charitable donations he made.
My husband and I discuss what our joint goals are for retirement and where we would like each other to be, but we invest separately from our personal accounts. We have a set agreed upon amount that goes into joint accounts that covers family costs/savings/etc. We also each keep our own personal accounts. My husband is an early crypto adopter and I am not as into it. He invests whatever he wants out of his personal funds. I don’t think it’s up to me to stop him from doing that based on my own preferences just like it’s not on him to tell me I can’t buy new [clothes, jewelry, go on girls trips, whatever]. I understand that crypto is seen as gambling and even said that to him once. He had a great counter about how if i had taken the money I spent at Coachella years ago and invested it, it would be work almost 100k now 😂
Also, to be fair to him, he has a level head about which % of his portfolio is in crypto so it’s not like he’d lose everything.
Yeah, like others we have combined money and we have like annual strategy/risk tolerance discussions and I make all the decisions from there. I think in most marriages either there are separate accounts or one person manages while staying within the overall bounds of the spouses risk tolerance or guidance. My husband wants much more money in cash than I would probably keep if it were up to me, but as long as I have that $120k in a HSA I can do whatever with the rest of the money.