FIC Blog

We believe in – and live by – a philosophy of excellence.

Average is not good enough … Our goal at Family Investment Center is excellence. We find excellent investment products and supervise an excellent service package. We maintain a library of excellent research materials and financial planning resources. We also demand top safety and security for our clients.

We won’t settle for average. We continually seek top managers or securities and meld them into superior custom portfolios. Each palette of investments is carefully tailored to personal or family goals. We enlist excellent managers, research, resources, and effort for our clients. Don’t settle for average. You deserve excellence.

Please search our blog posts for answers to common investment questions, and we look forward to sharing our knowledge and experience with you first-hand.

Investment Strategies to Help You Meet in the Middle

Three Investment Strategies for Couples

A sound investment portfolio includes a variety of investments to provide a more stable, yet prosperous, result. For couples, investment strategies can be a contentious topic, particularly when one has a low threshold for risk while the other’s is higher.


Opposites might attract, as the old saying goes; however, can that be a good thing when it comes to investing? In some cases, the answer is a definitive “yes.” Take, for example, a husband who is quite conservative when it comes to risk and prefers to keep the family dollars tied up in safe but low-yielding investments. The wife, on the other hand, is a real risk-taker, ready to pounce on a “hot stock.” To keep the investment moving forward and reach investment goals, it is important to balance each other out and stay on track.

So how does a couple like this make their opposing risk tolerance work?

Communicate About Risk

It is not entirely uncommon for couples to never express their opinions about risk. The situation might become clearer in how each person displays their relationship with money, because their upbringings in regard to money management could be quite different.

Having an actual conversation about these backgrounds and how that influences preferences in regard to investment strategies can add a sense of mediation to the process of investment planning, leading to compromises in investment styles.

Set Goals

Regardless of your position on risk, there is probably a set dollar amount put toward your goals, whether they are goals that are reached in stages or if you’re just setting a big retirement goal. When you come to that number, you then need to figure out how you will invest to reach these goals.

The great part about getting to this point is that most investment advisors can set up an investment discipline that allows each individual some autonomy over the portfolio that relates directly to their risk tolerance, giving each an empowered role in the process.

Invest Separately?

For some couples, investing together would be as awkward as sharing an email or social media account. Investing separately is also okay as long as the communication is good. The couple should maintain a good overview of their assets and stay on the same page with goals. Meeting together with a trusted investment advisor can help ensure there are no unforeseen bumps down the road.

At Family Investment Center, we’ve assisted couples with wildly different views on investment strategies in coming together with a plan that works for both. Talk to one of our investment professionals today and let’s customize a plan to help reach your goals together.

 

Continue reading
133 Hits
0 Comments