Ahmedabad: Husband Seeks Divorce as Wife Loses Rs 30 Lac in Market


Radha Sharma/TNN
 
Ahmedabad, Oct 18:
The bloodbath in the stock market has not only led people to lose everything, it has also exposed cracks in relationships. A woman in Ahmedabad is in distress after her husband is talking of deserting her as she lost over Rs 30 lakh in the market in recent times.

"I am a 34-year old housewife. I am married for the last ten years and have one daughter. In my free time, I have been trading online in stocks and earned quite a lot. But recently in this bearish trend, my stocks are not doing well and I have run into losses to the tune of Rs 12 lakh.”

“I suppose, everyone who is into stock-trading is sailing in the same boat. But my husband is not ready to take this fact. He says that he is not going to support this loss. In fact, when I was making money in the market, he was enjoying its fruits and now when I'm passing through a bad market phase, he has washed his hands off.

He is also saying that he would prefer to divorce me than shoulder my losses. It is a question of patience but he does not seems to be supportive at all. Please guide me on what to do?"

This woman apparently poured her heart out on a website launched by city-based psychiatrist Dr Hansal Bhachech for free counselling, claimed to be the first of its kind in the country. She has sought help in this situation where she has not only lost money but is also struggling to keep her marriage.

"Many women who have taken to stocks are now facing twin problems - how to cut down their losses and cut flak from their respective families for losing their money," says Dr Bhachech. 

  

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Comment on this article

  • Siva, usa

    Sun, Oct 19 2008

    Sad. But there are other type of people too - When they are making a profit saying it is my money, they don't even tell their husbands. When they are in to losses, they want huband to share it saying what is husband for!!

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  • Jerry Moras, kuppepadavu/ Canada

    Sun, Oct 19 2008

    Looks like bad finance planning. While investing one needs to have portpolio - invest only 10 - 25% of in stocks and not for sure 100% as one could invest in real estate, gold, fixed deposits or any other kind of investments without taking much risks. Hence idia is if you lose 50% of your money as is current situation (stocks crush) you are losing 10% of your total invesmtent / your money. I think it is not a big deal to lose 10% when you take risk.

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  • Melisha Noronha, Mangalore / Bangalore

    Sat, Oct 18 2008

    Sad but true, the in the markets are taking a toll on many relationships and lives alike. It is very disheartening to see youngsters getting into depression for such reasons. While financial security and profits are a priority to many of us, it should not exceed a limit where it robs our peace

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