Investment tips for Independent Women: Learn Now

Investment tips for Independent Women: Learn Now

Women are more capable than they often give themselves credit for, and the same discipline that makes them dedicated savers can also be applied to investing. Modern women know what they want from their life. They are very clear about their goals and dreams that they want to achieve. At the same time women need to plan their  retirement, because they work for lesser period of time and live longer. Which means that a woman should have MORE money, and better money management skills than men. Reality is quite different. There are some serious limitations/ obstacles for women to create a bigger savings.

The key is to take action now to ensure that your money is working as hard as you, so you can achieve the goals and live the life you deserve. Here are some of the investment tips for modern women:

 

First things first, start investing

 

Financial planning have been a male-oriented domain. Women do not prefer to indulge in them, even when they are earning income themselves. But now, women are a major part of workforce and most of them do their financial planning independently. Since, women are earning handsome amount they are not conservative when it comes to investing it. If one is a sole breadwinner, or supporting aged parents or has more responsibility at a young age than in that case low risk investments such as bonds, fixed deposit may be a better option. And if you are younger and like to take risk you can invest in equities/mutual funds etc.

 

Sound Investments Plan

 

Even though women like to take charge of their own investments, they always give priority to their family’s needs before they make any decisions. Hence, women prefer to invest some of their income in traditional investments where they get guaranteed returns. To achieve that objective, women can invest in PPF(Public Provident Fund) or Fixed Deposit account that will give them stable returns on their investments. One can also invest into electronic gold funds every month with as low as Rs. 500 a month through investing intoMake sure to explore all the options according to the investment capability and return expectation.

Take risks while investing

 

Modern women likes to yield more return on their investments. Even if it means taking more risk than investing in some stable investments where they can yield constant returns. One of such investments is ELSS(Equity Linked Saving Scheme). Sure it is investment in stock markets and riskier than other tax saving options but it also has potential for higher returns. One can invest upto Rs. 1,50,000 a year in these funds to save taxes as well. Another benefit of ELSS funds is they have a maturity period of 3 years only and you can change your funds anytime you want. SIP or Systematic Investment Plans is also a good option which enable you to invest very small amounts every month in mutual funds. Pick two or three good SIPs and invest your money every month.

 

So if you ask me i would say now is the time to get started on your financial wellness. The sooner one gets involved in taking charge of her investments and monies, the better it is in the long run. After all it gives you financial independence and peace of mind.


Visit HireCA.com Now