A Small Win

nyghtrider · 2024-01-05T14:16:11+00:00

Time in the market matters. ;) ask Warren Buffett.

myxyplyxy · 2024-01-05T02:16:25+00:00

sounds like bitcoin. Do yourself a favor and sell.

Snowbirdy · 2024-01-05T01:41:02+00:00

Yes, when we initially split, I offered her 50% of all of my equity, including private positions. She insisted on a small amount of cash. Portfolio is up almost 50x relative to the cash she insisted on. Better yet my lawyers were successful in getting a five-year interest-free note. Nothing will feel better than sending her that check and looking at my portfolio.

Particular_Car7127 · 2024-01-04T21:06:50+00:00

Hell yeah, during the marriage, it's all good or bad💸💸🔥👍😆

swrdfsh2 · 2024-01-04T19:36:00+00:00

Ha, same thing on some of my 2021 investments. I took 90% of the cash from our joint account, not a small amount, and placed it in my personal brokerage account. I did this because my gut was telling me something was off. Turned out to be the correct move. You hear stories all the time of the cheating spouse draining all the accounts before filing. She was pissed. :)

Of course the market tanked and pulled down most of that. She brought it up constantly during mediation and the final decree. "He stole all the joint money!"

What she didn't realize was that even though it was in my personal account and she was awarded 50% of what was left. The court doesn't care.

MartyMcFly7 · 2024-01-04T19:05:10+00:00

Wow, that is amazing. What a win!

When the markets tanked a few years ago, my ex she said she wanted the value of my work retirement account as it was valued on the date of our separation. I claimed it should be whatever the value is on the date of the final divorce decree.

Our lawyers couldn't seem to agree on which date was correct. Hers claimed that, because I had a choice of investments, it was my fault for chosing to invest in the S&P 500. (Apparently, you should always move to conservative investments when you separate.) My lawyer said I didn't control the markets and it should be based on whatever the value happens to be when the divorce is decreed.

Luckily, the market recovered before the divorce was final and I moved the investments into something less volitile.

But even then, my lawer warned that if the markets shot up, my ex could change her tune, claim that I was actually correct, and my decision to move into conservative investments caused her to miss out on the rally.

Luckily, she was fine with splitting it as it was.

New-Amoeba9042 · 2024-01-04T18:39:58+00:00

Congrats! Funny, I’m sure if it was up at the time, she’d be wanting to share the profits.

I did a similar thing with the house, we bought it the market dipped low a few months later, stayed that way for a year. I gave her everything else to keep the house, and since we signed, the house has gone up 60k in value

Title	A Small Win
Author	Old-Macaroon8148
Upvotes	44
Comments	9
Date	January 4, 2024 6:13 PM UTC (2 years ago)
Subreddit	Posted in /r/Divorce_Men
Original Link	https://old.reddit.com/r/Divorce_Men/comments/18yjozu/a_small_win/
Archive Link	https://theredarchive.com/r/Divorce_Men/a-small-win.1242237 https://theredarchive.com/post/1242237

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