A place to discuss the CFA® exam in general.
Re: If 50% of the marriages fail in the US...
Posted by: CzarHC (IP Logged)
Date: February 8, 2010 02:53PM
I think a prenup is almost a guarantee that a marriage won't last. I'm getting married in 6.5 months and wouldn't even think about signing a prenup.
Edited 1 time(s). Last edit at Monday, February 8, 2010 at 02:55PM by CzarHC.
Re: If 50% of the marriages fail in the US...
Posted by: adavydov7 (IP Logged)
Date: February 8, 2010 02:54PM
^How so?
Re: If 50% of the marriages fail in the US...
Posted by: CzarHC (IP Logged)
Date: February 8, 2010 02:59PM
I think you don't decide to get married unless you are 100% sure that it is the person you want to spend the rest of your life with. At the risk of sounding like a romantic sappy h-mo, if you sign a prenup then you are basically taking out an insurance policy and saying "yeah, I'm almost positive but on the off chance that this doesn't work out I'm gonna cover my ass."
Re: If 50% of the marriages fail in the US...
Posted by: ZeroBonus (IP Logged)
Date: February 8, 2010 03:02PM
CzarHC Wrote:
-------------------------------------------------------
> I think a prenup is almost a guarantee that a
> marriage won't last. I'm getting married in 6.5
> months and wouldn't even think about signing a
> prenup.
Agreed
The act of making your SO sign a prenup is questioning the fundamentals of any succesful relationship (trust and love). If you can't trust or don't love the person you probably shouldn't be getting married.
Re: If 50% of the marriages fail in the US...
Posted by: kevinf12 (IP Logged)
Date: February 8, 2010 03:06PM
Seems like a lot of marriages dont do the prenup and it doesnt seem to help...
Re: If 50% of the marriages fail in the US...
Posted by: ancientmtk (IP Logged)
Date: February 8, 2010 03:10PM
100k for weddings? dayam, u can go to bschool and get a degree with that kind of money.
Re: If 50% of the marriages fail in the US...
Posted by: adavydov7 (IP Logged)
Date: February 8, 2010 03:10PM
I disagree with both of you here, particularly with this statement:
"if you sign a prenup then you are basically taking out an insurance policy and saying "yeah, I'm almost positive but on the off chance that this doesn't work out I'm gonna cover my ass."
If I sign a prenup I am not saying this at all. To the contrary if we are rational about this and have no further conditioning info then we are simply saying we are 50% positive that this won't work out (not almost certain as you say).
Lets think about this a bit differently. If someone told you there was a 50% chance that you'd be in a car accident tomorrow and you don't already have insurance, would you go get it? What if it was your home? Well marriage and the assets one stands to lose without a thorough prenup are even greater, so pardon me, but there is no harm in covering your ass regardless of your female partner's suggestions to the contrary.
Edited 1 time(s). Last edit at Monday, February 8, 2010 at 03:11PM by adavydov7.
Re: If 50% of the marriages fail in the US...
Posted by: nequity (IP Logged)
Date: February 8, 2010 03:14PM
Speaking of marriage, whats with the president of south africa?
He has 3 wives.. ok fair enough he ascribes to his zulu traditions. But then he has not fathered a child out of wedlock. number one he cheated on his 3 wives. Number 2 he was having unprotected sex in a country with the highest aids rate in the world, something like 10% and should be setting an example.
Also he was acquited of a rape charge in 2006 for having sex with a family friends daughter. (she may have been 17, but I cant remember and could be getting it mixed up with another story.
Re: If 50% of the marriages fail in the US...
Posted by: CzarHC (IP Logged)
Date: February 8, 2010 03:15PM
I'd take it one step further and say that if someone tells me that I have a 50% chance of my marriage not working out, I wouldn't get married.
Marriage is not one of those things that you are meant to have an insurance policy on. If there are doubts, don't do it. That's just my opinion but I absolutely understand your opinion.
Re: If 50% of the marriages fail in the US...
Posted by: ZeroBonus (IP Logged)
Date: February 8, 2010 03:19PM
adavydov7 Wrote:
-------------------------------------------------------
> I disagree with both of you here, particularly
> with this statement:
>
> "if you sign a prenup then you are basically
> taking out an insurance policy and saying "yeah,
> I'm almost positive but on the off chance that
> this doesn't work out I'm gonna cover my ass."
>
> If I sign a prenup I am not saying this at all. To
> the contrary if we are rational about this and
> have no further conditioning info then we are
> simply saying we are 50% positive that this won't
> work out (not almost certain as you say).
>
> Lets think about this a bit differently. If
> someone told you there was a 50% chance that you'd
> be in a car accident tomorrow and you don't
> already have insurance, would you go get it? What
> if it was your home? Well marriage and the assets
> one stands to lose without a thorough prenup are
> even greater, so pardon me, but there is no harm
> in covering your ass regardless of your female
> partner's suggestions to the contrary.
You can't compare marriage to a coin flip and say the probability is 50-50 so I think we should sign a prenup.
Re: If 50% of the marriages fail in the US...
Posted by: Black Swan (IP Logged)
Date: February 8, 2010 03:20PM
Let me put it this way, a prenup ensure's they're in it for the right reasons.
Re: If 50% of the marriages fail in the US...
Posted by: Black Swan (IP Logged)
Date: February 8, 2010 03:21PM
ZeroBonus Wrote:
-------------------------------------------------------
> ^ uh weddings dont generate ROI for human kind? I
> think the wedding planning/tourism/flower
> shop/catering/hospitality/liquor/clothing/jewelry/
> greeting card industries would beg to differ.
No, useless consumer luxury items such as greeting cards do not generate an ROI for human kind. Yes, they generate a short term financial profit, but as the US is finding out right now, tangible production is king when it comes to long run sustainability.
Re: If 50% of the marriages fail in the US...
Posted by: adavydov7 (IP Logged)
Date: February 8, 2010 03:24PM
^Sure this is probably the typical attitude most folks have. Unfortunately, I am pretty sure the 50% that do get divorced weren't planning on it happening when they were first getting married, or they would have never married like you said. However, sh!t happens, which is why we still have 50% chance of things not working out and since I insure myself for much lower probability events with less severe financial consequences, why would I not insure myself against this?
Most people make the decision to get married when feelings and emotions are running wild so little rational thought goes into this which is why I have made sure to think out this process calmly and coolly before I am in a relationship that could lead to marriage or in a situation where I am already getting married.
The other reason is because in this country once you get married you can basically detach your testicles and hand them to your wife. A prenup at least leaves your scrotum in tact!
Re: If 50% of the marriages fail in the US...
Posted by: adavydov7 (IP Logged)
Date: February 8, 2010 03:25PM
@ZeroBonus: and why not?
Re: If 50% of the marriages fail in the US...
Posted by: ZeroBonus (IP Logged)
Date: February 8, 2010 03:25PM
This leads me to thinking why we don't have any zero coupon collateralized wedding bonds that sell for lets say 50 cents on the dollar that marrying couple can basically sell to investors so they can pay for their wedding with a different maturity (5,10,15 years)
If they last till maturity, the couple pays par value to the investor, and if they get divorced, they owe 100% of par + interest on a 10yr T-bond from their net worth.
Re: If 50% of the marriages fail in the US...
Posted by: CzarHC (IP Logged)
Date: February 8, 2010 03:25PM
^lol
@ Adavydov7: When you start a church, how much will you charge for a wedding?
Edited 1 time(s). Last edit at Monday, February 8, 2010 at 03:26PM by CzarHC.
Re: If 50% of the marriages fail in the US...
Posted by: adavydov7 (IP Logged)
Date: February 8, 2010 03:28PM
100k of course! this is the going market rate no:)
Re: If 50% of the marriages fail in the US...
Posted by: ZeroBonus (IP Logged)
Date: February 8, 2010 03:28PM
adavydov7 Wrote:
-------------------------------------------------------
> @ZeroBonus: and why not?
Are you saying the relationship you share with your wife is the same as any husband shares with his wife? Divorce doesn't just happen out of the blue.
Re: If 50% of the marriages fail in the US...
Posted by: CzarHC (IP Logged)
Date: February 8, 2010 03:29PM
Too rich for the czar, I was considering switching sites but no more
Re: If 50% of the marriages fail in the US...
Posted by: adavydov7 (IP Logged)
Date: February 8, 2010 03:34PM
@Zero:"Are you saying the relationship you share with your wife is the same as any husband shares with his wife? "
Absolutely, especially at the outset. There is nothing that makes me substantially different married couples to make me OBJECTIVELY think that the conditional probability for me and her would be less than the average, i.e. there is nothing special about any of us.
@Czar: but I could arrange for it to be in the Siberian Taiga with unlimited supply of Stolichnaya! Think of the stories! We could get a bear drunk (and no I am not talking about your wife;).
Edited 1 time(s). Last edit at Monday, February 8, 2010 at 03:36PM by adavydov7.
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