{"id":7022,"date":"2022-02-15T14:58:40","date_gmt":"2022-02-15T09:28:40","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=7022"},"modified":"2022-05-25T18:13:09","modified_gmt":"2022-05-25T12:43:09","slug":"5-tips-to-convince-your-partner-to-start-investing","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/5-tips-to-convince-your-partner-to-start-investing\/","title":{"rendered":"5 Tips To Convince Your Partner To Start Investing"},"content":{"rendered":"\n<p>Are you finding it difficult to speak to your partner about investments? If your answer is yes, you\u2019re in the right place. Here\u2019s what you could do, begin by making them understand the primary objective of <a href=\"https:\/\/www.tickertape.in\/blog\/why-should-you-prioritise-investing\/?utm_source=blog&amp;utm_medium=article\">investing<\/a> &#8211; to meet their future financial goals. Investing in stocks is not the only option as there are others like <a href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-sip\/?utm_source=blog&amp;utm_medium=article\">Systematic Investment Plan<\/a> (<a href=\"https:\/\/www.tickertape.in\/blog\/what-is-sip\/\">SIP<\/a>), <a href=\"https:\/\/www.tickertape.in\/blog\/guide-on-mutual-funds-vs-shares-differences-between-mutual-funds-and-shares\/?utm_source=blog&amp;utm_medium=article\">mutual funds<\/a> and <a href=\"https:\/\/www.tickertape.in\/blog\/exchange-traded-funds\/?utm_source=blog&amp;utm_medium=article\">ETFs<\/a>. All of which can help in accumulating corpus over time.&nbsp;<\/p>\n\n\n\n<p>Having said that, make sure they realise that they can enjoy the benefits only if they\u2019ve done their homework and researched beforehand. And if they don\u2019t want to do it themselves, there are financial advisors to help them in this process.&nbsp;<\/p>\n\n\n\n<p>Anyway, this article speaks of some pointers you can use on your dating partners and convince them to get married to the idea of investing. Without further ado, let\u2019s get to it.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/5-tips-to-convince-your-partner-to-start-investing\/#Invest-with-smaller-amounts\" title=\"Invest with smaller amounts\">Invest with smaller amounts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/5-tips-to-convince-your-partner-to-start-investing\/#Benefit-of-liquidity\" title=\"Benefit of liquidity\">Benefit of liquidity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/5-tips-to-convince-your-partner-to-start-investing\/#Power-of-compounding\" title=\"Power of compounding\">Power of compounding<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/5-tips-to-convince-your-partner-to-start-investing\/#Benefits-of-dividend\" title=\"Benefits of dividend\">Benefits of dividend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/5-tips-to-convince-your-partner-to-start-investing\/#Versatility\" title=\"Versatility&nbsp;\">Versatility&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/blog\/5-tips-to-convince-your-partner-to-start-investing\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"invest\"><span class=\"ez-toc-section\" id=\"Invest-with-smaller-amounts\"><\/span>Invest with smaller amounts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Start by making them understand that investment doesn\u2019t always have to be massive. Your partner can start investing in the <a href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-shares\/?utm_source=blog&amp;utm_medium=article\">stock market<\/a> by putting in small amounts. There are small-cap and <a href=\"https:\/\/www.tickertape.in\/blog\/mid-cap-stock\/?utm_source=blog&amp;utm_medium=article\">mid-cap<\/a> companies in which they can <a href=\"https:\/\/www.tickertape.in\/blog\/why-should-you-prioritise-investing\/\">invest<\/a> by purchasing smaller units.&nbsp;<\/p>\n\n\n\n<p>To top that, an added advantage of directly investing in stocks is that they can buy them as per their choice. Inform them to check back in the future and see how that small amount invested has grown in time. But one thing you need to imbibe in them is to thoroughly research a company and its performance before they invest in it.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"benefit\"><span class=\"ez-toc-section\" id=\"Benefit-of-liquidity\"><\/span>Benefit of liquidity<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Investing in stocks has another advantage, which is the benefit of liquidating them. Stocks are considered liquid assets because they can readily be exchanged for cash. They also have a high number of buyers at any given moment. Unlike assets like real estate, which are difficult to sell, the same is not the case with stocks.&nbsp;<\/p>\n\n\n\n<p>Educate them on the workings of liquidity. If the average volume of transactions is high, it means there are multiple buyers and sellers for that particular stock. And one of the essential advantages of the <a href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-shares\/\">stock market<\/a> is its liquidity because this process never ends.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"power\"><span class=\"ez-toc-section\" id=\"Power-of-compounding\"><\/span>Power of compounding<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Now, you bring out the powerful tool, which is the power of compounding! Firstly, if your dating partner is not aware then sit them down and make them understand what compounding is &#8211; the process where interest is credited to an existing principal amount as well as interest that has previously been paid. This refers to their total profit from <a href=\"https:\/\/www.tickertape.in\/blog\/capital-gain-tax-on-shares\/?utm_source=blog&amp;utm_medium=article\">capital gains<\/a> and dividends in stock investment. If they start investing early, they will reap the fruit of compounding. The longer they leave their money without disturbing it, the more it grows with the help of compounding.<\/p>\n\n\n\n<p>To make it easy for you to convince, give them this example &#8211; If they invest Rs. 1 lakh at a 10% compounding rate, their future investment value will be about Rs. 2.70 lakh in 10 yrs. And the same amount left uninterrupted will become Rs. 7.32 lakh in 20 yrs! This is the power of compounding.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"dividend\"><span class=\"ez-toc-section\" id=\"Benefits-of-dividend\"><\/span>Benefits of dividend<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Here\u2019s another benefit of investing you can use to convince them. It\u2019s the <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-dividend\/?utm_source=blog&amp;utm_medium=article\">dividend<\/a> your partner gets from the companies. A <a href=\"https:\/\/www.tickertape.in\/blog\/cash-dividend-vs-stock-dividend\/\">dividend<\/a> is a source of additional income for investors that some companies payout once a year. Not only is there a possibility of them earning profits from their investments, but they also have the added benefit of getting extra through dividends!&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"v\"><span class=\"ez-toc-section\" id=\"Versatility\"><\/span>Versatility&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Speaking of versatility, advise them that the stock market offers a variety of financial instruments. These include stocks, <a href=\"https:\/\/www.tickertape.in\/blog\/mutual-funds\/\">mutual funds<\/a>, bonds, and derivatives. It gives them a diverse range of options for investing their money. So, they have the liberty to choose where they want to invest.<\/p>\n\n\n\n<p>Also, if they haven\u2019t heard of this before, enlighten them that there\u2019s an advantage of profiting from this flexibility because it allows them to diversify their investment portfolios. <a href=\"https:\/\/www.tickertape.in\/blog\/tips-for-diversifying-your-portfolio\/?utm_source=blog&amp;utm_medium=article\">Diversification<\/a> can either be done with stocks from different sectors or with different financial instruments. This act, in turn, reduces the risks associated with investing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In closing, help your partner in making a list of their financial resolutions. And include investment in it as well! Not going to lie, there are risks associated with investments, but what is life without a little bit of a risk? Just like <a href=\"https:\/\/www.tickertape.in\/blog\/facts-about-harshad-mehta\/\">Harshad Mehta<\/a> spoke in Scam 1992, \u201crisk hai toh ishq hai\u201d.&nbsp;<\/p>\n\n\n\n<p>Anyway, now that you have your points ready to convince your partner, speak to them and help them to start their investment journey from now. However, if they feel lost and unsure as to where to start from, we\u2019ve got you covered. Use tickertape as your tool! It\u2019s never too late to start something new, so before anyone else tells them otherwise, nudge them that this is their sign to begin investing. Now go on, push them to check out <a href=\"https:\/\/www.tickertape.in\/?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">tickertape<\/a> and take their first step!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you one of them who\u2019s trying to convince your dating partner to start investing but don\u2019t know how to speak about it? Here\u2019s an article that helps you make your point to them!<\/p>\n","protected":false},"author":45,"featured_media":7056,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[8,1726],"tags":[1169,16,15],"acf":[],"modified_by":"Neera Bhardwaj","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/02\/TT-15-Feb-5-Tips-To-Convince-Your-Partner-2.jpg?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/7022"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=7022"}],"version-history":[{"count":4,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/7022\/revisions"}],"predecessor-version":[{"id":8795,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/7022\/revisions\/8795"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/7056"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=7022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=7022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=7022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}