A research report from RMIT on women and money in Australia found that 48% of women were not willing to take any financial risks at all. For many women, their hard earned savings is not something they are prepared to risk.
A common perception of your typical investor is what we see in mainstream media from movies like The Wolf of Wall Street. What we aren’t shown is that there are several ways to invest and many of them don’t involve speculating on hot stocks.
Ah, your sweet 20s. It’s absolutely guaranteed that you will have one sack full of adventures and another full of mistakes.
But that doesn’t mean you don’t need to think about what financial shape you’ll be in once you do say hello to that inevitable 30th birthday. Because it’s about then that you may be wondering about buying a house, starting a family, and perhaps even planning for the future with healthy personal finance habits in the bank.
Saving in your 20s is hard, and racking up a mountain of debt is easy. But don’t fret – it’s never too late to start blasting that 20-something debt and setting off on the road to a bright financial future. Continue reading “5 ways to avoid debt in your 20s”
From market research and speaking to our customers, we discovered that women know investing is a great way to grow their savings, but many feel that it’s out of their reach or too risky.
When anyone invests, it isn’t just about growing their wealth, it’s a pathway to financial independence. It’s not enough to just be saving in a cash account, especially after you take tax and inflation into account . Investing does carry risks but smart investing is about balancing risks with rewards.
There’s a saying among seasoned pilots that flying can best be described as long stretches of boredom punctuated by moments of sheer terror.
Many investors, reeling from the recent pullback in the US sharemarket that commenced on 5 February after the stellar returns of 2017, would no doubt share these sentiments.
For newer investors who’ve never experienced a share market pullback of this size and speed, the recent movements must have been nerve-wrecking. Media headlines screaming “market rout”, “bloodbath” and “worst point decline in history” certainly didn’t help matters either, stoking fear in the investing public for the sake of clicks, views and readership.
If you’ve just had your first experience of a sharemarket dip, welcome to the club. Grab a seat and catch your breath. It may be your first market correction but it will almost certainly not to be your last. All-time sharemarket highs followed by the occasional reversal are a feature, not a bug, of long-term investing.