Thought you all might get a kick out of this.....
Long story short my daughter lives and works hours away from me. Monday we met for a couple days in Wisconsin for an overnight at a cabin in the woods and some time together. She brought her new boyfriend. She surely told him I am a stock market geek and he struck up a conversation. It was clear he didn't know what he was invested in so I asked him to show me his funds. He misunderstood my intentions and pulled up his account balance page with his 401K balance. I was like "no, I'm not trying to see your net worth, just wanted to see what your advisor has you in".
He is a very kind and mature young man. He is in a way overcomplicated mix of about 15-20 funds but told me the service was free from his employer. No wonder he didn't really know what he was in. I really hope he didn't think I was interviewing him as a potential suitor lol. BTW he is about 23 and has 22K in his IRA. That's not so bad. When I know him better I'll tell him to slap his advisor and make his portfolio a little more reasonable to understand.
Long story short my daughter lives and works hours away from me. Monday we met for a couple days in Wisconsin for an overnight at a cabin in the woods and some time together. She brought her new boyfriend. She surely told him I am a stock market geek and he struck up a conversation. It was clear he didn't know what he was invested in so I asked him to show me his funds. He misunderstood my intentions and pulled up his account balance page with his 401K balance. I was like "no, I'm not trying to see your net worth, just wanted to see what your advisor has you in".
He is a very kind and mature young man. He is in a way overcomplicated mix of about 15-20 funds but told me the service was free from his employer. No wonder he didn't really know what he was in. I really hope he didn't think I was interviewing him as a potential suitor lol. BTW he is about 23 and has 22K in his IRA. That's not so bad. When I know him better I'll tell him to slap his advisor and make his portfolio a little more reasonable to understand.