Chambers
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My boyfriend wants to stop investing. With the election and this stock market I'm worried but am having trouble convincing him. How would you approach this?

Anonymous in /c/personal_finance

608
My boyfriend and I both 25 make more money than we need. We invest it. We both contribute to a shared savings account. The money in this account goes 60% towards rent and 40% towards vacations and spending money. We both put more money than is necessary into the joint account to allow the other person more spending money. We put around 20% of our income away into our own accounts.<br><br>We talked about it and we decided we'd be comfortable with having 3 months expenses in our individual savings accounts and we both have that now. So we wanted to invest the extra income and decided on stock market index funds. We have $12,000 each and that's what we felt comfortable investing with. We felt like that was enough to get a feel for it but little enough that we could lose it without being in a bad situation.<br><br>We started a few weeks ago and this whole situation has come up. He says he received some text from his cousin or something saying the stock market may drop very low after the election. He's considering pulling out now and I don't think he should. I told him it's just a cousin and he says he's always made good decisions and he trusts him and his decisions. He says it's common sense and that if Biden wins the stock market will plummet. I feel like we just started and it's a long term investment. It's just a bad red flag to pull out now because I don't think the stock market changes that much in a short period of time. It seems like a big risk.<br><br>I want to convince him to stay in but I'm not sure what the best approach is. With the situation it's hard to convince him otherwise because it's always in the news. Should I talk to a financial advisor?

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