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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Would you be annoyed if you knew your partner was probably tinkering in stocks and shares without telling you

32 replies

sharedealing · 23/07/2015 18:01

I know h is probably doing this but when I find the odd letter (unopened but the envelope I mean) from companies like Odey Wealth Management (does anybody know anything about what they do?) I feel a wave of anxiety and also Angry.

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Cornettoninja · 23/07/2015 18:03

Depends. What are the family finances like?

If it's his own 'spends', for want of a better word, then he could do what he wanted. If it started impacting or risking the wider families quality of life or security then it's an issue.

The5DayChicken · 23/07/2015 18:14

If unmarried, no kids, without joint finances, it wouldn't bother me because it'd be none of my business. If any of those 3 factors were different, I'd be quite annoyed.

firesidechat · 23/07/2015 18:16

Yes because that should be a joint decision. Having said that I wouldn't have a problem with him doing it, although it is massively unlikely, so I can rest easy.

NerrSnerr · 23/07/2015 18:19

Have you asked him? Is he your husband or partner? Are your finances joint? If it was shared money i would be annoyed.

Bubblesinthesummer · 23/07/2015 18:21

If it was 'his spending money' IYSWM then no I wouldn't mind.

Salmotrutta · 23/07/2015 18:24

Yes, it depends.

Is it all joint money? Or do you have separate accounts?

ilovechristmas1 · 23/07/2015 18:25

yes i would mind whether it was "his spends" or not

why be so secretive,on line gambling in my eyes is similar,all kept secret till a big loss and then all hell breaks loose

60sname · 23/07/2015 18:25

As the name suggests, Odey are a wealth manager - ie you pay them for their expertise in tinkering with stocks.

However, as I understand it you need more money to use a wealth manager than just investing in funds off your own bat - so the suns may be significant. But this is not my area so may be off base here.

Spartans · 23/07/2015 18:26

I know h is probably doing this

Is it your h as in husband? Or is it a typo and meant to say 'he'.

Because my answer would be dependent on your situation

ilovechristmas1 · 23/07/2015 18:26

in my deffence i was married to an ex gambler so im ultra ott about things like that

Bubblesinthesummer · 23/07/2015 18:27

Is he actually keeping it secret though? Do you tell him everything you spend your money on?

jay55 · 23/07/2015 18:29

You can use a wealth management firm to handle your isa if you have a stock rather than cash one. Or your pension if you're self managing.

Icelandicsuperyoghurt · 23/07/2015 18:31

My exH 'tinkered' with everything financial without telling me and keeping things from me. Ended up homeless, divorced and he went to jail! So I would be ultra insistent in hindsight, knowing exactly what was going on.

peltata · 23/07/2015 18:40

I made a small investment (less than 10,000) in a venture capital trust and got letters from Odey seeing if I needed their advice on other investments I may have. They might have got your details like this?

Shares aren't for everyone but as long as you are both open about it - but that could be the issue. If you are concerned enough to post then maybe you think it could be a gambling problem?

Hannahouse · 23/07/2015 20:06

This reply has been deleted

Message withdrawn at poster's request.

HirplesWithHaggis · 23/07/2015 20:20

My late uncle "tinkered in stocks and shares" and left an estate of about £300k. It's not necessarily a bad thing.

RambleOn · 23/07/2015 20:52

Why don't you ask him about it?

Some odd responses on this thread. Share dealing can make you very wealthy, y'know, as a family.

sharedealing · 23/07/2015 20:54

Thank you.

We are married, have 3 dc but separate finances.

A long time ago he did a lot of share dealing quite openly and lost quite a lot of money. He then apparently recouped some of that money when selling property that he had (investing in property is partly what he does).

Two or three years ago I realised that he was interested in getting involved in the whole thing again (or maybe at that point he was already involved) and said how much I didn't think this was a good idea. He just scowled. I then realised he must have gone back into it (to a degree - it would be one of the things he does to try to make ends meet) when I saw the nasdaq index on his phone and because of some of the post which he receives. I guess he knows I kind of disapprove which is probably why he wouldn't say anything.

Yes I guess the letter from the wealth management company could relate to any number of things.

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FuckingLiability · 23/07/2015 21:05

Hmm. It depends. While people can make a bit of cash on it, you have to know what you're doing, follow the markets and financial news pretty closely to make any kind of decent money. Otherwise it's just a few quid here and there. It's not something I would want to do.

sharedealing · 23/07/2015 21:08

Yes I assume this is the level he is doing it at but who knows Confused.

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sharedealing · 23/07/2015 21:09

(A few quid here and there I mean).

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Gruntfuttock · 23/07/2015 21:13

My husband has done this, with zero discussion with me about it, and it's absolutely fine. I trust my husband to manage his finances. He's never given me any reason not to and I've been with him for 38 years.

gwenneh · 23/07/2015 21:33

My husband does, and it's not something he discusses with me. What he does with his income beyond the household finances is his choice -- he's 41, not a child.

sharedealing · 23/07/2015 21:42

I trust my husband to manage his finances. He's never given me any reason not to

I guess this is where the issue is for me as h made a loss of 60K all those years ago. Who's to say it's not going to happen again?

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FanOfHermione · 23/07/2015 21:50

If this was a lot of money (and you have the past experience of him loosing quite a bit too), then yes I would want to now.

Mainly because being married means there is NOT his money and my money anymore. If he gets into debt, I will have to pay! (and the dcs will suffer etc etc).

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