Account Quote by Kenneth Fisher
“My advice is this: If you want to buy funds, buy no-loads, because you'll spare yourself the commission. But every time you sell, whether you buy another fund or not, put 5% into an account for your spouse to blow on whatever. Two things will happen. Your spouse will love you, and you will find yourself holding longer - like a load-fund investor.”
About This Quote
Source Book: Common Sense on Mutual Funds, Kenneth Fisher, 1995
Invest in no‑load mutual funds to avoid commissions and allocate a small percentage of each sale to a spouse’s discretionary account, encouraging longer holding periods and marital goodwill.
In simple terms: Buy low‑cost funds and set aside a share for spouse spending.
Key Takeaway
Use commission‑free funds and share profits with partner.
Themes
investing
relationships
cost‑management
Mood
practical
thoughtful
Type
advice
financial.
When to use this quote
- retirement planning
- marriage budgeting
- portfolio turnover
- financial counseling
Key Concepts
mutual funds
behavioral finance
spousal incentives
Questions to Reflect On
- How can you balance shared spending with long‑term goals?
- What other incentives could improve holding periods?
A Different Perspective
Spouse spending may reduce overall savings if not managed.
