During our road trip, my wife and I talked about our finances. We had a real good discussion about risks and profits. We have organized our finances in a good way. We both have our own checking, savings and investing accounts. We are responsible for our own accounts. Besides own accounts, we also have joint accounts. In our household I’m responsible for the finances of our joint accounts. It grew like this, because I like doing it.
Besides my investment, of which you can follow the results on this blog, I manage, as I already wrote, also our joint investment account. This account has been set up after our oldest child was born. This account is our Education fund for our kids.
The stocks or mutual funds I buy for this account are based on my research and my decision. My wife completely depends on my wisdom and judgment. It my hobby 😉 Almost every quarter we sit down together and go over our finances and investments. This way, my wife is completely informed. This is the way that works for us both.
During one of these talks (of course with a good glass of wine and a really nice beer – yes we are only human too), we talk about what to do (financially) if the other one suddenly passes away. After this talk I (and my wife also) realized that she does not know very much about investing. She would probably sell all my investments and pay down our mortgage. Sure this is a wise decision, but this is not always the best decision. There are more options.
When discussing the options I realized the best thing I could do, is to educate. Tell about the wonderful world of investing. This not only for my wife, but also for my kids. So I decided to write some blog posts about all kinds of different investment topics. These posts will be written under the title Teaching my Kids.
I will write posts about the following topics (in random order):
- Compound Interest
- Chowder Rule
- Selecting stocks
- Portfolio lessons
- Financial measures (P/E-ratio, ROE, etc.)
- Taxes (Dutch taxes)
Dear readers on what kind of topic should I write a post about?
I like to hear from you!