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1
Patrick
2021 Aug 3, 11:49am
Patrick
2021 Aug 3, 11:49am
I don't know what you mean by community property.
You have money, your brother has money, and they are all in separate accounts, right?
You have money, your brother has money, and they are all in separate accounts, right?
2
Onvacation
2021 Aug 3, 11:55am
Onvacation
2021 Aug 3, 11:55am
Patrick says
Perhaps his wife is a gold digger?
I don't know what you mean by community property.
You have money, your brother has money, and they are all in separate accounts, right?
Perhaps his wife is a gold digger?
4
RWSGFY
2021 Aug 3, 12:34pm
RWSGFY
2021 Aug 3, 12:34pm
I would distance myself from giving any advice. Whatever happens you will be blamed for bad things and will not be thanked for good ones.
5
Patrick
2021 Aug 3, 1:29pm
Patrick
2021 Aug 3, 1:29pm
FuckCCP89 says
This is good advice! (ironic, but true)
I warned some guy on the train about the big housing bubble, telling him to compare to renting the same thing. He delayed, prices went up, then he bought and blamed me for the delay and higher price.
Then prices crashed, hard.
I would distance myself from giving any advice.
This is good advice! (ironic, but true)
I warned some guy on the train about the big housing bubble, telling him to compare to renting the same thing. He delayed, prices went up, then he bought and blamed me for the delay and higher price.
Then prices crashed, hard.
6
mell
2021 Aug 3, 1:43pm
The market has been looking weak for a while now during the xiden inflation/stagflation olympics. I'd only go with select stocks (or sectors) for now.
7
clambo
2021 Aug 3, 2:59pm
A married person's savings, capital gains, assets are community property if acquired during the marriage.
An inheritance is not community property even if the heir is married.
It's a good idea to keep any inherited asset distinct from community property, like new money from the married heir.
An inheritance is not community property even if the heir is married.
It's a good idea to keep any inherited asset distinct from community property, like new money from the married heir.
In 2017 he got an inheritance from my father, whose finances I had managed for a few years.
This got him interested in investing.
I advised him "Never add new money to this, this isn't community property, don't contaminate it with money that is community property."
He ignored that.
Sunday he texted me that he was going to ask Vanguard what he should do.
"Why?"
"Delta!"
"What about it? If someone dies, his heirs will spend the money so it's irrelevant."
He was thinking about needing to sell everything to avoid losing it soon.
"Don't sell anything! You don't need money now anyway."