Expert advice

Nov 08, 2013,15.29 IST

Just married! What should be your investment strategy now?

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If you are a just married couple what should your investment strategy be? I am sure many of you must be wondering is that the time to talk about investment, but in reality it is.

I know a not many people will actually focus on that and the reason why you need to focus on that is because you are starting a new life with a new partner. So it is very important for both of you to actually sit down and discuss and if both of you are working couple then both of you will be having your own investments. You will be having your own portfolio.

Sit down. Share that. Discuss what you have been so far with your money and collectively what is that you need to achieve from now on which clearly means that there have to be some collective goals rather than making individual goals because that can become counterproductive.

So once you have established your goals you have looked at your existing portfolio and that also helps you in what kind of asset allocation you should be having going forward. Another important part to remember is have a separate bank account for you because otherwise you can have issues while filing your income tax returns.

So while the goals can be combined, the investment strategy can be combined make sure your accounts are separate so you do not any issues with income tax department. These are the starting points for you, but otherwise as a couple the more you discuss, the clearer it becomes, the better your goals can be achieved.

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