For Women Investors: Your Finances
You’re probably lots of different things to different people – a mother, a sister, a valued confidant, an athlete, or a scholar – but you may not consider yourself a financial wizard. You don’t have to be. By creating a strategy and developing a sound plan, you're already on your way to becoming financially savvy.
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Create a Strategy
Studies have shown that women tend to be more risk-averse than men. They also tend to be more patient and hold their investments longer. While that may be good in general, having an overly conservative investment portfolio may jeopardize your ability to achieve your long-term financial goals, because not enough time is allowed to develop adequate resources.
Develop a Long-Term Perspective
Just as no two people are alike, neither should their financial plan be the same. However, there are a number of investing fundamentals that apply to virtually everyone. Understanding these can help you develop a plan and remain on track to achieve your financial goals, even during the inevitable periods of market volatility.
Take Control of Your Finances
You understand the importance of saving and investing, but sometimes more immediate needs can sidetrack even the best of intentions. A disciplined approach is needed to achieve your long-term goals and to have financial security when you retire.