It can be confusing
My wife and I like to think that we are not stupid. We’ve signed up for Online Trading for the stocks we own, and we each have IRA Accounts. We try to be conservative, however, with our Stock Trading activities. We’ve been burned a little bit a couple of times, and we really can’t afford to lose very much money.
The most confusing part about owning stocks (to me) is how to go about reporting the profits, losses, and dividends on our income taxes! I’m really glad that we have a great software program that keeps track of all of that. I’d never be able to keep it all straight if I had to keep track of it on paper! And I’m more than happy to let my wife take care of that portion of our financial life! I tell my wife that’s why I keep her around – to do the bookkeeping! (And her cooking’s pretty good too!)
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