Wednesday, March 11, 1998

How Do I Get My Wife Involved?
By David Quinby (TMF Python)

I have been investing my family's money. I've tried to get my wife involved in the decisions, but she has showed no interest at all. I have passed my copy of The Motley Fool Investment Guide to her, and she let it sit on the table, unopened. I tried explaining the Dow Dividend Approach to her, even gave her my copy of Beating The Dow by Michael O'Higgins, but that too sat on the table, unopened. But I do believe I may have found a way to perk up her interest!

I purchased a copy of Buying Stocks Without A Broker by Charles B. Carlson. This book shows the investor the basics of DRiP investing. When I showed the book to my wife, she saw that Bausch & Lomb, Inc. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:BOL)") else Response.Write("(NYSE:BOL)") end if %> had a DRiP plan. Since she uses their products, she became interested. I went onto America Online and printed out everything I could find about Bausch & Lomb. I gave her the printouts and suggested this: You look at the information that's on these sheets. If you need a reference, you may use my copy of The Motley Fool Investment Guide. If you want anymore information, let me know and I'll get it. You decide if we should invest in this company. In the meantime, I will also look for another good DRiP company to invest in. When I have my results, hopefully she will have hers also. Then we can sit down and go over the information together. We, not I, will decide which company to invest in!

I will still invest most of our money; I'm sure of that. But by finding one company that my wife is interested in may mean that she will show more of an interest in the other investments that I'm making for us. Time will tell, but at least she's showing an interest! That's a Foolish start.

Have a similar tale?
Talk about it in the Fribble Message Folder!