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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. I think what you should really do is get a job somewhere else. You can open an account at TD Ameritrade or any other broker. |
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