Joint vs individual investment Account

[TassosGk]

Hi all,
I'm pretty new in this world and checking on best ways to invest. I have decided to create a roboadvisor (Truewealth) account.
Key question: I'm married and was thinking of a joint account with my wife. This will lead to more money invested (reaching this 100k threshold I see everywhere) plus one fee. But I want to be sure this is the wisest choice in general. What is your take on it. What would you do?
Thank you in advance for your support!

 

[gaijin]

(reaching this 100k threshold I see everywhere)

Not sure what you mean about this threshold, I have never heard of it.

 

[TassosGk]

Not sure what you mean about this threshold, I have never heard of it.

Nothing to worry about or sth. I was reading that 100k is a threshold where you really see net worth increase.

 

[Baptiste Wicht]

Nothing to worry about or sth. I was reading that 100k is a threshold where you really see net worth increase.

It's not a real thing. If you have 10K or 100K, you will get the returns of the stock market. The difference is that the absolute numbers will be higher for 100K than they are for 10K, but the growth will be the same.

As for joint accounts, it mostly depends on your household. We opt for joint accounts when we can, but I know many couples who keep it separate.

 

[gaijin]

it mostly depends on your household

If you opt for a joint accout, be sure to have a common understanding who decides on the investment strategy and talk about potential (short term) losses and how to handle them.