Hello everyone! I have been reading MMM for a while, but just now joined the forum...this is my first post.
I need some help talking to my wife about investing. First, we have no debt except a small mortgage. My wife is on-board with minimal spending and big savings (we are currently saving almost 60% of our income). The problem is that all she is comfortable doing is putting money in a low-interest bearing savings account.
We have about 6 months worth of expenses in savings/checking accounts, the rest I'm putting into ETF's, Mutual Funds and a little into Lending Club. I knew that she was uncomfortable with the stock market, however last night we had a discussion that downright shocked me.
She said that putting most of our money into stocks, bonds, anything that isn't a "safe" savings account is not wise at all, the stock market is a gamble, it'll all go down to zero and we'll lose everything.
No matter what I tell her or show her (I have plenty of spreadsheets and graphs that tell a story of 7-10% returns on our current investments) she won't believe that we need to be investing, and that putting all our money in savings accounts would be wasted. I get the feeling she wants me to sell everything and put the proceeds into these "savings" accounts.
We've had similar discussions before, but I thought I could convince her over time by showing her numbers and reports; that's not working. I must not be presenting my side very well, so I need some help explaining things to her. I've sent her links to MMM posts before, but I don't think she has read them.
Anyone have any ideas of how I can better present my data and hopefully bring her around to thinking differently about investing?
Thanks.