this post was submitted on 28 Nov 2023
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Just randomly found this quote "In most cases, having a devil's advocate on your team is essential for success"
Some big company CEO I heard likes to do this, criticizing a proposal like crazy to see if the presenter can hold on and pass. Otherwise the proposal will not be approved.
Statistics says that on average women makes higher profit in investing. Men take higher risk, on average more failures, while big success would go to men as you need to take risk to have opportunity for big success.
Best to leave half family asset to your wife and you take the other half (assuming your wife is not making more than you) to risk without taking on debt. If you fail, your family would still be OK. Have the agreement with your wife about this approach first. I assume she will be OK with that. Your wife takes the low risk route while you take the high risk high return route.