- In many couples, there is a main decision maker on money matters
- Risk tolerance and confidence are crucial to investing and can differ among couples
- Does running a portfolio together lead to better decisions?
The secret to a successful relationship is often deemed to be good communication, but even so finances and investments can be a tricky topic for many couples. People find the subject awkward to discuss, have different attitudes towards money and possess varying degrees of knowledge and understanding. To make matters worse, topics such as asset allocation and Nvidia’s valuation do not make for the most romantic pillow talk.
Dealing with joint finances can feel harder still when one or both of you are investors who take a hands-on portfolio approach. The questions suddenly multiply: do you set a single strategy for your joint portfolio? How much risk should you take? Should you invest in funds or shares? While there isn’t one single answer, it’s crucial to give serious thought to what works for both of you.