The Money Couple Minute - Individual Investments

You like high-risk stocks, your partner likes safe CDs. No problem. It's not hard for a couple have a healthy financial relationship even when they can't agree on investments. The key is open communication and a willingness to compromise.

Take advantage of your Money Personalities. We know lots of couples where one partner has a Risk Taker Money Personality and the other has a Security Seeker Money Personality. When they work together, these couples can play off of each others' strengths to build a strong investment portfolio. One partner might love real estate and is willing to do the legwork involved in making sound investments while the other partner is great at maximizing their return on short-term, low-risk investments. This combination can lead to both a happy present and a secure future.

Keep communicating. Even if you are making separate investments, you need to do lots of talking before making any commitments. Talk about acceptable risk and be willing to back up if one of you is uncomfortable with an investment.

Bring in the pros. Consider talking with a financial planner who can help you find investments that work for your budget and risk-level. Once you are on the same page in your financial relationship, you'll be on your way to building a strong financial future.