You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation. With a plan, goals, and some follow-through, we can start to bridge the gap.Nothing on this website is intended to provide tax, legal, or investment advice. The gender investing gap is real, but there are steps women can take today to close it. These check-ins give you the opportunity to adjust savings goals or rebalance your portfolio if needed. Schedule Check-UpsĪutomated investing tools and asset allocation funds can do most of the heavy lifting for you, but you should check in with your portfolio periodically. When you automate investments every week or month, it’s one less thing to worry about, eliminating the fear of forgetting to invest or spending the money because it’s sitting in your checking account. This is when tactics like automated investing can come in handy. Investments aren’t about how your money looks today, but what they may grow to years from now. Instead of worrying about day-to-day market volatility, think about the long game of investing. With a plan in place and a portfolio at the ready, all you need is follow-through. If the idea of choosing where your money goes sounds stressful, there are hands-off investing approaches out there such as target-date and target-risk funds that are managed by experts, broadly diversified and conveniently packaged. This is known as diversification, which may help you weather the market’s ups and downs. You'll want to consider spreading your money across several investment types that react differently when markets change. With a hands-on approach, you need to decide how to invest your money. You also want to think about how hands-on or hands-off you want to be with your investment strategy. Assuming a little risk may help grow your investment faster, but it may expose you to larger losses. At this point, you should think about how much risk you want to take on. Once you know your goals, you can start building a portfolio. The key is to understand your objectives and timeline before committing to a strategy. You also may have other goals you want to achieve while you're saving for retirement. Some people consider investing in exchange-traded funds (ETFs) or mutual funds as a way to potentially build wealth for nearer term goals. That will help you figure out how much you need to save each month to retire by a target date. Use American Century’s retirement calculator tools to get the ball rolling. First, define your goals, such as saving for retirement. When you start out to create an investment plan, it helps to know where you hope to end up. Here’s how you can work to close the gap. A proactive approach to investing, no matter how big or small, puts control back in your hands. Your dreams and goals are too important to be left to chance. How You Can Close the GapĬlosing the gender investing gap can be as simple as putting together a plan and committing to it. It will continue to close as more women see how investing may boost their financial independence and future. The gender investing gap exists not only because women invest less on average, but also because of outside factors that prevent women from having as much to invest.
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