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women and money

3 Reasons I teach Women to Invest in Mutual Funds

1.  I teach women how to invest in mutual funds because women frequently do not have knowledge of Investments

Investing and particularly how to invest in mutual funds, are generally not taught in grammar school or college. When investing is taught by parents or schools, boys are usually the target for investing in education since they are the ones they feel will be the family wage earners.

Unfortunately, women are not encouraged to learn to invest, instead, they are taught the mantra, “don’t bother your pretty little head attitude”. I had a male vendor visiting my office noticing investing bulletins on my desk and ask me, “how did you learn about investing”.

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I told him, the same way men do. Then, he says “No, I mean, really how did YOU learn”. I ignored him since I knew that he was referring to the male stereotype of investing. I did not feel that was an appropriate question.

Some women are partly to blame because they have the “Prince Charming Syndrome”. Even though women have made many advances in education, some women and their Dads are convinced that they don’t have to bother their “pretty little heads”. 

The theory is that Prince Charming is bound to come into their lives, even though it usually doesn’t work that way.

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  1.  Women Usually Live Longer Than Men

According to multiple news sources, women make less than men generally and that makes it even more essential to concentrate on understanding investments you can choose for your retirement. 401k accounts are made of mutual funds directly or in annuities that contain many mutual funds.

Either way, the more you know about mutual funds, the better your 401k will be since you can choose quality mutual funds in your account.

Money is not a toy, it is a tool

We all know that women usually live longer than men. This means that if you inherit your husbands’ investment account you can manage it with impunity, you don’t have to rely on an outside person. This is especially important since elderly people are frequently the target of unscrupulous investment advisors.

Remember Bernie Madoff, there are many mini-Madoff’s, as I call them, known as lower-level investment scammers. This is a critical reason I teach women to invest in mutual funds.

  1. Women Usually Invest in Simple Low-Profit Investments

Because women don’t usually get investment education, they don’t have quality investment knowledge. The consequence is that they frequently choose low-interest simple investments like CD’s and Money Market accounts losing out on years of high-interest quality accounts like mutual funds, blue-chip stocks, and bonds.

The difference in your balance can amount to hundreds of thousands to millions in losses.

Understanding mutual funds are not difficult when you get the right information.

Learn How I can teach you to understand mutual funds like a pro

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Lois Center-Shabazz | Course Delta Agency
Personal Finance: Author, Blogger, Course Creator, Money Strategist

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3 Reasons I teach women to invest in mutual funds

Why a Personal Finance Site for Women

At MsFinancialSavvy.com, we are occasionally asked the question, “Why a financial website targeted to women?” The following article will attempt to explain our website.

MsFinancialSavvy.com is a personal finance website, women and girls

The Statistics:

>Women are three times more likely than men to be single parents, or early widows.

>Women are more likely to transfer budgeting and saving habits to their children.

>Single mothers today are still more likely to live in poverty than single dads.

>The percentage of men who invest is much greater than women who invest.

Why Focus on Budgeting and Investing?

> Women need to know how to budget and invest for emergencies, savings, college planning and retirement.

>Women need to know how to keep the money they earn, and increase their net worth, through budgeting and investing.

>There is a significant number of women who make high incomes  but do not have enough money to pay monthly bills or to invest. The main culprit, is lack of budgeting skills.

>Woman need to know the field of budgeting and investing, so they can pass it along to their children.

Why invest rather than just save in a less than 1%, simple interest, bank account?

> In order to keep up with, and stay ahead of inflation and taxes, history shows that investing in stocks long-term has given us the greatest returns.

>Our website MsFinancialSavvy.com is important because many women have retirement accounts with their employer, but do not understand the investments in those accounts. Learning and using MsFinancialSavvy.com may enable you to understand the importance of funding your 401k and 403b employer retirement accounts. It will also enable you to choose the appropriate investment, when given a choice.

>Many women are self-employed, homemaker moms, or have a job that does not provide a retirement account. Since retirement planning is a mystery to these women, they choose not to fund a retirement account.

>Many women are not familiar with college savings plans.

>Woman need to know that saving with stocks and mutual funds, you can acquire compounded interest vs. the banks low simple interest rate.

>If women choose to use a broker to invest, understanding investments will increase chances that they are purchasing investments that are appropriate for them.

>In order to purchase stocks and mutual funds for an Online Investment Account, women must understand the stock market first.

Use MsFinancialSavvy.com to learn to budget and invest money now! If you are already familiar with stocks and mutual funds you can use our tutorials for a review. Use our stock quotes and charts, financial calculators, feature articles, book reviews, and investment bookstore, whether you are a beginning, intermediate, or advanced investor.

Start an Online Investment Club at MsFinancialSavvy.com, and learn to invest money with your friends and family members.

MsFinancialSavvy.com is targeted to women, but everyone is welcome!!! Use these financial tools with our website.

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