Friday, 13 February 2015

Money Minute: 3 investing strategies that can improve your love life - By Mandi Woodruff

Here's how to use some savvy investing strategies to improve your love life:

Look for a good return on investment: Before you start looking for your perfect match, you’ve got to know what you want first. Is this a long-term thing or short term? And what kind of returns on investment matter to you most in your significant other? A good job? Maybe a mutual love of reality TV? Be honest with yourself about what YOU need. And keep this in mind -- they may not have every quality on your list right now, but that doesn’t mean they don’t have good long-term potential. And if you realize you’re actually losing more than you gain by hanging around them, then your next move is simple: Buh-Bye.
Do your research: The eyes are the windows to no one's soul. Ever. The Internet is! I check Yahoo Finance and Morningstar to vet stocks and mutual funds I'm interested in. Why not do a little Facebook stalking to vet your potential life partner? You can tell a lot about a person from how many selfies they take in a day. Seriously. A recent study found men who take a lot of pictures of themselves are incredibly narcissistic – go figure. Do some in-person recon, too. Ask your date how their past relationships worked out. Look for red flags like crazy exes or an online gaming addiction. See what kinds of friends they hang out with. It sounds kinda snoopy, but whatever -- this is 2015 and everyone does it.
Balance risk with reality: Just like investing in the market, you never want to put all your eggs in one basket. In relationships, that means enjoy the good stuff but be prepared for the bad stuff, too. Keep tabs on your finances and make sure you can support yourself for at least a few months if you split up. If that means signing a prenup, a cohabitation agreement or keeping separate savings accounts, then do it. And don't put all your energy into that one relationship. You’re going to want friends and family to lean on if you fall on hard times.

Culled from Yahoo Finance

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