Video: Why couples need to talk about investing (featuring Charles Ellis)

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Charles Ellis, author of Winning the Loser’s Game

We have just posted the latest in the Evidenced-based Investing series of videos courtesy of FWB TV: Why couples need to talk about investing. You can also find it and the rest of the series housed at sister site Findependence.TV.

The 3-minute video features renowned indexer and author Charles Ellis, author of Winning the Loser’s Game. (Link is to the latest or sixth edition).

Citing UBS research, the video notes that most high-net-worth couples do share responsibility for major financial decisions, although men and women tend to focus on different aspects of their finances. For the most part, women take more of a role in dealing with day-to-day household finances and charitable giving; men take more of an interest in investing: in fact, fear than one in five women pay much attention to the investments jointly owned by couples.

The main point of the video is that couples should share responsibility about investing in particular because it plays such a critical role in the health of their jointly held wealth. And naturally, Charles Ellis thinks they should give up on trying to choose high-priced actively managed investments (aka “The Loser’s Game”) and agree on an indexing approach to their investments.

In this respect, the video concludes that men are actually more prone to emotion during periods of market volatility, while women are better at staying the course.

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