UnThreaded | Threaded | Whole Thread (45) | Ignore Thread Prev | Next
Author: nona19 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308452  
Subject: Re: Husband and I have differing views on financ Date: 8/24/2000 1:22 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
Allie:

You are absolutely correct that you should pay off the credit card debts first. Also, DH should never, never be margining money, or even investing in stock at this point, if you have the bills you list. Of course, it is hard to make suggestions because that is a huge unknown.

You need to buy a book called, "Get Your Share" by Julie Stav and try to learn a little about investing - the do's and don'ts. It is easy to read and easy to understand. Could be called "Investing for Dummies."
but the suggestions are excellent. It might be a little heavy in checking out all the points she makes before investing, but getting to know the terms would be excellent.

Then you should tell DH that you will take the "after bill paying" money that is left over, and give him half of it and you could invest the other half. If you do not have a Roth IRA I am suggesting that it is imperative in this day and age. If you don't know about it, learn. It is money that you have already paid tax on, and when you pull it out, there is no tax due. A good solid index fund is a good choice, following Standard and Poor's Index. A very good deal.

You are never going to get out of debt if DH pulls the manuever on margining again - and - he will probably do it again. Unless you can afford to lose the investment, you probably should not be in stocks.

Good Luck, Nona 19
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (45) | Ignore Thread Prev | Next

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement