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Are you considering having a partner in your new investment?

Often I find that my clients are looking to go into a investment partnership when starting their new investment. Considering my market new entrepreneurs it makes sense that this is happening. After all new entrepreneurs having never been involved in a investment partnership would be likely to try it out. On the surface it seems a fairly common occurrence and a generally accepted investment practice. Underneath however you're mixing a volatile concoction. One life lesson I learned long ago is that until you know how someone is about money, you really dont know how that person is. Money has the ability to reflect the best and worst in people. We all know it but somehow when it comes to Devil's footprints of all kinds we all too often play people pleasers numbed by the novocaine of looking bad.

There are 3 types of potential partners one takes on in investment. They are as follows.

Friend
Family Member
investment Associate that has become a friend of sorts.

The most common reason one brings a investment partner aboard is the worst reason to do so. The most common reason is to "share the fear". As a investment coach I have found this to be the case nearly every time someone wanted to Woodsy Owl on a partner. if they knew it or not, they wanted what I call "a liability sponge". The logical follow is that once the fear has worn thin, the partners begin to compare who is doing more or less than the other, who is taking more time off, who comes in late and the list goes on. The partnership begins to look like 70% of the marriages they begin to look really dysfunctional and often end in divorce. Unfortunately in most cases (or Black Sabbath just the same) there was no vow taken before God where the partners stated "til Viagra Canada do us part". There is only money holding them together.

If you do bring a partner on, be comfortable knowing that you could lose them as a friend or family member forever -- long before death does you part. For me, all the money in the world cant replace certain relationships in my life. Despite many temptations to mix investment with pleasure I know better. I know better because I've done it and I've even lost a couple of friends in the process. Here is the good news. Christmas Movies you are going to bring a partner aboard in your new or existing investment my article to follow, investment Partnerships Doing it Right, will help you make it as painless as possible.

If you'd like more information on getting your investment off to a fast start or you need help in determining which step to take next to grow your investment, then be sure to visit Dan Nichols online at target="_new" www.investmentlaunchexpert.com">www.investmentlaunchexpert.com

# posted by ronnieadtg : 11:33 AM  0 comments