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Should I invest my money where my mother-in-law can view my account?


So here's the situation. I work for my girlfriend's mother as a financial advisor. Over the past year or so, I have been saving money in a money market account at my bank because I knew Wall Street was declining. Well this was fine when the market was falling, but now I think it has hit a trough and will rebound strongly after the presidential election. The problem is that if I move my savings over to an investment account here at the firm, my girlfriends mother will have access to view my account. She owns the firm and therefore has viewable access to all of the brokers' clients' accounts here. I want to maximize my returns, but at the same time, I'm not sure I want my girlfriends mother to see my money (she is already too involved as it is). What do you guys suggest? Hopefully this will be seen by someone with similiar experience who is willing to share some insight.

Thanks for all of your help. It was one of those issues which you know the answer to, yet need someone else to tell you. I appreciate all of the help.

If you have to tell her about the investing explain that you want to keep your work and your family's personal savings separate and that you've entrusted another financial office to keep up with it for you. If she has a problem with this you know she wants to keep up with your savings and that's just nosy. Tell her, once more, that this is the choice you have made and that her daughter respects this too. You shouldn't have to explain any more than that.

yea i say don't do it.. you cant go with anyone else?

I don鈥檛 think that is a good idea at all. If she is already in your business now that will only make things worse. Is there another company that you can invest with?

Obviously, the answer is to establish an investment account elsewhere.

You've got a couple of of options.
(1) You go ahead and make the investment and dont care what she thinks. Your a grown man, its your money. Thats why you should never work with family even if they have the potential of being your family. Too much drama, and too many problems. If she brings it up, you need to have an adult conversation with her, telling her tactfully that you love her daughter, want to marry your daughter, value your opinions both professionally and not, but you will ask her for them when you want them. This has to be made known or she will continue to do it, it happen to my mom for 23 years until my dad finally stood up to his mom.

(2) Invest with another company. You might get a great deal on trading fees and whatever else, but if its invested, just not in her company, than she wont know your net worth.

Just for the record, I saw my mom have to put up with my grandmother for 23 years, getting stepped on, and she was giving my parents opinions they didnt ask for, and telling them blaintedly how she felt about them raising kids. You need to define the boundries and she needs to know her place in the relationship before its too late.

I think what you should really do is get a job somewhere else.

If you breakup with her, ever, you are fired anyway.

If you marry her EVERY decision you make will be subject to review by the old MIL.

Bad, bad, bad situation brewing.

You can open an account at TD Ameritrade or any other broker.

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