One of the latest research suggests that women invest much better than men because of the temperaments that they maintain. That's the basic level of any investing. This is because of the savings culture that a woman develops very early in her life due to the plethora of responsibilities thrown at her, homemaker being one of them. All that is required is that financialization of physical savings, i.e investing into more of financial asset classes rather than gold and cash. Nowadays a woman can educate themselves regarding various financial instruments from the web particularly Youtube which is more user-friendly being audio video in nature.
Being women is advantageous to some extent as there is a little less ego when it comes to asking questions, or asking what to do next. Make sure to ask an expert or follow financial advisors who are credible and not commission oriented.
Also when it comes to investing, there is a big hurdle in our brain where we think we need to start investing with huge amounts. It's important to know you get a good start into equity mutual fund by investing in a SIP as low as Rs.100. Any average earning person can invest anywhere between Rs.1000 to Rs.5000 quite easily without having about on any of their other expenses or any of their probably lifestyle cost of a month. Irrespective of how much one might be investing every month whether its Rs 1000 or Rs 5000 the compounding effect comes into play and rewards these small amounts of money amounted to huge corpus over a period of time say 7 or 10 years.
As and when one’s financial knowledge increases one can invest in more instruments such as NPS, etc to secure a retirement income and not to depend upon their spouse or children for welfare.
One can find all these advices on Myway Wealth.
Features of MyWay Wealth
1. Invest in Direct Mutual funds, with 0% commissions and No Fees.
2. Get your risk covered by periodically balancing your portfolio.
3. Invest in funds which have constantly outperformed the market. MyWay Wealth recommendation engine is built on top of scientific financial models and years of historical market data.
4. Switch your regular funds to direct in a few clicks, and get superior returns for your investments.
5. Get access to superior, advance and smart fund reports.
6. Remain in touch with your portfolio, and make wise decisions with portfolio alerts.
Dipika is the Vice President along side head of business development at MyWay Wealth. She has 11+ years of experience and 1000+ conversations in investments, personal wealth management, advising clients, communication & relationship management.
She is creative, witty and quick to grasp new concepts. A powerhouse in her own right. You can reach out to her on firstname.lastname@example.org.
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